European bank funds Austria’s 480-MW Limberg 2

The European Investment Bank (EIB) has approved an additional 40 million euros (US$62.1 million) in funding for the 480-MW Limberg 2 pumped-storage project being built by Verbund Austrian Hydro Power near Kaprun, Austria.

Verbund is building an underground powerhouse containing two pump-turbines as part of the Glockner Kaprun scheme, near the 240-MW Kaprun project. Limberg 2 is to employ the existing storage reservoirs of Mooserboden and Wasserfallboden. In February, Verbund received for bids for electrical distribution and control equipment for the project. (HNN 2/14/08)

EIB reported a finance contract for the 40 million euros was signed March 5. The bank approved financing of 200 million euros (US$310.8 million) for the project in March 2007. The latest approval brings total bank funding to 240 million euros (US$372.9 million).

In late 2007, Verbund awarded a contract to Hans Kunz GmbH of Austria to supply safety shut-off valves and slidegate valve chamber equipment and another contract to WPK Werkstoff-Planung-Kontroll Ges.m.b.H of Austria for oversight of equipment installation at Limberg 2.

In April 2007, Voith Siemens Hydro Power Generation reported the successful model testing for two 240-MW pump-turbines it is to supply. In 2006, Verbund awarded contracts to Andritz VA Tech Hydro to supply two motor-generators, excitation systems, and steel tunnel linings of the pressure shaft and the high-head manifold.

Commissioning of Limberg 2’s first 240-MW unit is scheduled for autumn 2011, with full commercial operation in March 2012.

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