Mitusbishi Wins Geothermal Contracts

October 22, 2003 [] Tokyo, Japan-based Mitsubishi Heavy Industries has received orders for turbines for geothermal power plants for Iceland and New Zealand, the Nihon Keizai Shimbun reported. The plants, to be located near volcanoes, will use steam heated by magma to generate power. The firm expects that nearly 20 such plants will be ordered outside Japan over the next four or five years. On the other side of the world, Iceland’s Reykjavik Energy ordered a 30,000-kW geothermal plant to be located east of the country’s capital Reykjavik at Nesjavellir. Mitsubishi Heavy Industries will produce the turbines, while Mitsubishi Electric Corporation will produce the generator. Completion is slated for October 2005. In New Zealand, Mitsubishi Heavy has received an order for a turbine from Israeli firm Ormat, which is building the geothermal power plant. The 20,000 kW turbine is to be delivered by June 2005.

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