ZWANENBURG, the Netherlands, July 21, 2016 /PRNewswire/ --
AEG Power Solutions, a global vendor of power supply systems and provider of industrial power supply and renewable energy solutions, today announced that it was awarded a contract to supply equipment that will be insuring uninterrupted power supply for the Yamal LNG Project (Yamal-Nenets Autonomous Area, Russia). Protect 8 uninterrupted power supply systems by AEG PS meets all of the stringent technical requirements that Yamal LNG has set for the equipment to be operated in challenging climate conditions.
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The Yamal LNG Plant will receive more than 50 Protect 8 three-phase UPS units (400 V AC in/384 V DC out). The Protect 8 UPS employs cutting-edge technology and is based on the double conversion topology. This technology is a robust and commercially beneficial solution to ensure safe operation of high-performance equipment in demanding climate conditions.
"We have a rich experience and the Protect 8 UPS system has a proven track record of operation in most challenging environments," said John Ferriman, Vice President for Global Industry Sales at AEG Power Solutions. "We are very glad to take part in such an ambitious project. The gas market is now gaining momentum and we are positioning ourselves to benefit from it," Mr. Ferriman added.
Background
JSC Yamal LNG is implementing a project to build a natural gas liquefaction plant with a capacity of 16.5 MTPA based on the resources of the South-Tambeyskoye Field. The plant is to produce its first LNG in 2017. OAO NOVATEK (with 50.1%), Total (20%), CNPC (20%), and the Silk Road Fund (9.9%) are the shareholders of Yamal LNG.
About AEG Power Solutions
AEG Power Solutions (AEG PS) Group is a global provider of power electronics systems and solutions for all industrial and demanding commercial power requirements offering one of the most comprehensive product and service portfolios in the area of uninterruptible power supply and power management.
Thanks to its distinctive expertise bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company creates innovative solutions for next generation distributed power generation.
AEG Power Solutions Group is the sole subsidiary of the holding company 3W Power S.A. (WKN A114Z9) / ISINLU1072910919), based in Luxembourg. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9K).
For more information, visit http://www.aegps.com.
This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power.
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