GAMMON INDIA LIMITED

Ansaldo
Oseberg D Offshore Platform: This project involves the design, manufacture and assembly of a heat
recovery module for Statoil Hydro Norway in the North Sea. This project commenced in May 2008 and is
scheduled to be completed in 2012. The delivery of the HRSG module, on free-on-board (“FOB”) basis, is
scheduled to be in April 2010 The contract value of this project is €17.00 million.
Petrochemical Plant: This project involves the design, manufacture and assembly of two crude oil firing
industrial boilers for Saudi Kayan Petrochemical Company in Al-Jubail, Saudi Arabia. This project
commenced in June 2007, the boilers have been delivered on FOB basis in June 2009 and the project is
scheduled to be completed in 2011. The contract value of this project is €61.00 million.
Cogeneration Plant: This project involves the design, manufacture and assembly of two HRSG with a fuel
gas firing, ultra lox nox burners for Tractebel in Arles, France. This project commenced in March 2001 and
was completed in December 2004. The contract value of this project was €5.00 million.
The largest company in the Sofinter group is Ansaldo, which has a history of over 120 years and has supplied and
installed over of 1,000 plants worldwide with capacity of more than 80,000 MW. Ansaldo specializes in the design,
engineering, manufacture, supply, erection and commissioning of utility boilers and HRSGs. Ansaldo has a Benson
license for once-through boilers (sub-critical, supercritical and ultra-supercritical boilers and once-through HRSGs.
The current capacity of Ansaldo is approximately 2,500 MW per annum. In India, Ansaldo is qualified in the first
round for the supply of supercritical size boilers by the Government.
Some selected ongoing major projects undertaken by Ansaldo are set forth below:
Torrevaldaliga Nord Project: This project involves the engineering, manufacturing, supply, erection and
start-up of three coal fired, once-through supercritical boilers for Enel S.p.A in Torrevaldaliga North, Italy.
The contract was awarded in December 2004 and the first unit was completed in June 2009, with the second
unit and the third unit scheduled to be completed by January 2010 and June 2010, respectively. Ansaldo’s
share of the value of this project is €310.00 million, with the residual value (as at June 30, 2009) being
€14.00 million.
Shuaibah Project: This project involves the engineering, manufacturing, supply , erection and start-up of
three oil fired boilers (including electrostatic precipitators) for Shuaibah Water & Electricity Company in
Shuaibah, Saudi Arabia. The contract was awarded in January 2006. The provisional acceptance certificate
of the whole plant, which indicates completion of the project, is expected to be received by December 2009.
Ansaldo’s share of value of this project is €211.00 million, with the residual value (as at June 30, 2009)
being €2.00 million.
Abu Qir Project: This project involves the engineering, manufacturing, supply, erection and start-up of two
gas and mazut oil fired boilers for West Delta Electricity Production Company in Abu Qir, Egypt. The
contract was awarded in September 2008. The first unit is scheduled to be completed in April 2012 and the
second unit is scheduled to be completed in August 2012. The contract value for the offshore portion, of
which Ansaldo is in charge, is €188.00 million and that for the total on-shore portion, of which Ansaldo
Caldaie Boiler Egypt (98.00% owned by Ansaldo) is in charge, is EGP377.75 million. As at June 30, 2009,
the residual off-shore portion value was €134.00 million and the residual on-shore portion value was
EGP289.85 million.
El Tebbin Project: This project involves the engineering, manufacturing, supply, erection and start-up of
two gas and oil fired boilers for Cairo Electricity Production Company in El Tebbin, Egypt. The contract
was awarded in May 2007 and the project is scheduled to be completed by July 2010. The contract value for
the offshore portion, of which Ansaldo is in charge, is €102.00 million and that for the total on-shore
portion, of which Ansaldo Caldaie Boiler Egypt (98.00% owned by Ansaldo) is in charge, is EGP147.79
million. As at June 30, 2009, the residual off-shore portion value was €30.00 million and the residual onshore
portion value was EGP80.00 million.
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