Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
November 5, 2014
Tokyo, November 5, 2014 --- Hitachi, Ltd. (TSE: 6501 / “Hitachi”) today announced that, together with a consortium of a local company, it has entered into a contract with Electricity Generating Authority of Thailand (EGAT) for supply and construction of Chaiya Phum substations, which is an engineering, procurement, and construction (EPC) contract including 500kV gas-insulated switchgear (GIS). This time, Hitachi will supply 500kV GIS and its associated work and the local company will supply 230kV GIS as well as conduct civil engineering work, installation, and commissioning at the substations.
The contract has been signed on November 4 and Hitachi with a local company aim to complete the work in the year of 2016.
With the Kingdom of Thailand undergoing rapid economic development, there is a need for further improvements in the reliability of the electricity power network together with an expansion of generating capacity. EGAT is Thailand's leading state-owned power utility under the Ministry of Energy, responsible for electric power generation and transmission for the whole country as well as bulk electric energy sales. It is planning a number of projects aimed at strengthening its electricity power network.
Hitachi has already supplied 500kV GIS to Wang Noi substation of EGAT, which is the first 500kV GIS substation in Thailand's electricity power network. Apart from that, Hitachi received 115kV GIS order for 115kV renovation project replacing air-insulated substation to gas-insulated substation these days.
Hitachi will cooperate with local reliable partners in each market across the globe and enhance its optimized marketing organization to strengthen it's transmission and distribution projects. With these efforts, Hitachi intends to continue making an active contribution to the reliable supply of electric power and to the economic development of Thailand and other nations in the Mekong region.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
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