So they’ll pump water with windmills? :-)
[mailto:firstname.lastname@example.org.McMaster.CA] On Behalf Of Franta, Jaroslav
VA Tech Hydro has reported a near 4% increase in orders and record levels of sales in 2003, compared to the previous year. Figures released with the publication of the company's 2003 annual report also reveal that European customers last year were its dominant regional market.
According to the Austrian-based company, it took some US$1.26B in orders last year, up 3.8% on its 2002 figure of US$1.21B. Order backlogs rose some 11.8% from US$1.68B to US$1.87B in the same period. Sales, meanwhile, increased by over 21% to US$1.1B last year compared with US$909M in 2002.
In addition to the release of its performance
results tables, VA Tech also used its report to underline its plan to help
Verbundplan, Alpine Mayreder and VA Tech Hydro
entered into an agreement last year with
'With this Tsankov Kamak pilot project, we are giving the Austrian government substantial support in achieving its emission reduction targets,' said Peter Schuster, director of sales for eastern Europe in the report.
VA Tech says the Tsankov Kamak project is just the beginning, adding that further similar projects are at the planning stage.
'The North American market [with 3% of orders]
is stable with an emphasis on modernisation, while the markets in South America
'There are two main reasons for this trend,' says VA Tech. 'First, repeated power failures in several countries have underscored the need for investments to ensure a reliable power supply. Second, there is growing demand for electrical energy, especially to cover peak requirements but also to ensure grid stability following the commissioning of a large number of decentralised power generating plants, [for example] wind power plants.'
The dominance of