) recently received several contracts for providing Germany-based
Lichterfelde Cogeneration Power Plant with major power stations.
Though the award was recorded in the company's first quarter of
2014 bookings, the financial term remains undisclosed.
Apart from catering to the entire pumping station
requirements, the deal also requires Flowserve to provide diverse
support services for the entire life-cycle of the pumps including
installation, initiation and maintenance. The company will also
be providing additional pumps for the district heating process
which optimally uses the excess heat energy released instead of
wasting it at the cogeneration plant.
The company will be utilizing its heavy-duty, radially split
multistage between bearings pumps for the crucial boilerfeed
service (BFP) while its canned vertical turbine pumps will be
required for the process of condensate extraction (CEP) in the
The plant, having a power generating capacity of 300-megawatt
(MW), substitutes the conventional coal with natural gas as the
fuel as the latter is far more efficient that the former.
Moreover, a natural gas powered plant also cuts down on emission
levels, thereby meeting the stringent environmental norms
Flowserve's expertise and resources in providing equipments
for such large plants helped it in winning this deal. Another
company that received the contract is Iberdrola, an engineering,
procurement and construction (EPC) company based in Spain.
Iberdola will be taking care of the engineering and construction
services at the plant.
Flowserve is one of the leading providers of fluid motion and
control products and services across the globe. Currently, it
holds a Zacks Rank #3 (Hold). Better-ranked players in the same
). Both Kadant and Middleby Corp. have a Zacks Rank #1 (Strong
Buy), whereas IDEX Corp. carries a Zacks Rank #2 (Buy).
FLOWSERVE CORP (FLS): Free Stock Analysis
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