Honeywell Wins $11M Contract at Maritza Power Plant In Bulgaria
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BRUSSELS, Nov. 8, 2005 - Honeywell (NYSE:HON) announced today it has signed
an $11 million contract with Bulgaria's largest thermal power plant.
Honeywell will supply its Experion® Process Knowledge System (PKS), field
instrumentation, basic design, engineering and installation services for the
Maritza East 2 electric utility power plant, near Stara Zagora in Bulgaria.
The key driver of the project is the need for modernization of the Maritza
plant with a safe, reliable, robust automation system that will help it
enhance efficiency through better controls, higher reliability and less
downtime. With Honeywell's technology, the Maritza plant will be able to
utilise process data more effectively for future planning, scheduling and
cost management. Additionally, the process history database (PHD) solution
will enable the power supplier to install and benefit from sophisticated
business applications in the future.
The Maritza plant, owned by NEK, the national electric company, is an
important provider of base-load power-generation capacity to the country.
The upgrade will completely refurbish the controls for three utility blocks
that produce 178 megawatts each. The upgrade will improve efficiency,
safety, technology and business applications.
"We selected Honeywell because of its ability to provide the highest level
of technology, competitive pricing, and local service capabilities," said
Atanas Dimitrov, general director of Maritza East 2. "Honeywell's large
installed base and long established presence in Bulgaria give it the ability
to deliver the strong, consistent level of services and consultancy Maritza
requires. The contract will help modernise the plant and provides a solid
foundation for successful operations for the next 20 years."
Honeywell will deliver the Experion system, with an integrated burner and
safety system, along with its industry-leading PHD for business
applications. The project will be completed in three phases, with
commissioning and start-up of all units to be completed by 2008.
"In Bulgaria and throughout Central and Eastern Europe we have a well
established network of engineers and support staff on the ground to deliver
better technology, support and services to customers over the long term,"
said Paul Orzeske, vice president and general manager, Honeywell Process
Solutions EMEA. "This order confirms Honeywell's commitment to deliver
high-value solutions to power generation customers in this key strategic
geographical region."
Honeywell International is a $26 billion diversified technology and
manufacturing leader, serving customers worldwide with aerospace products
and services; control technologies for buildings, homes and industry;
automotive products; turbochargers; and specialty materials. Based in Morris
Township, N.J., Honeywell's shares are traded on the New York, London,
Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up
the Dow Jones Industrial Average and is also a component of the Standard &
Poor's 500 Index. For additional information, please visit
www.honeywell.com. Honeywell Process Solutions is part of Honeywell's
Automation and Control Solutions group, a global leader in providing product
and service solutions that improve efficiency and profitability, support
regulatory compliance, and maintain safe, comfortable environments in homes,
buildings and industry. For more information about Process Solutions, access
www.honeywell.com/ps
This release contains forward-looking statements as defined in Section 21E
of the Securities Exchange Act of 1934, including statements about future
business operations, financial performance and market conditions. Such
forward-looking statements involve risks and uncertainties inherent in
business forecasts as further described in our filings under the Securities
Exchange Act.
Experion® is a registered trademark of Honeywell International Inc.
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Contact:
Erik Rasmussen
erik.rasmussen@honeywell.com
Gerry Grewal
ggrewal@webershandwick.com
