ANDRITZ regrets export credit agencies' withdrawal from the Ilisu hydropower project in Turkey
This decision by the export credit agencies will not have any material financial impact on ANDRITZ because only a very small amount of the order value has been booked so far.
ANDRITZ now awaits the Turkish government's decision on how it will proceed with this project.
About Andritz AG
ANDRITZ HYDRO, a member of the ANDRITZ GROUP, is a global supplier of electromechanical systems and services ('water-to-wire') for hydropower plants. The company is a leader in the world market for hydraulic power generation and has a top position in the growing power plant refurbishment segment. This and other press releases of ANDRITZ HYDRO are available for download at www.andritz-hydro.com.
The ANDRITZ GROUP is a global market leader for customized plant, process technologies, and services for the hydropower, pulp and paper, metals, and other specialized industries (solid/liquid separation, feed and biofuel). The Group has its headquarters in Graz, Austria and has a staff of 13,600 employees worldwide. ANDRITZ operates over 150 production sites, service and sales companies all around the world.