BRUSSELS, Nov. 8, 2005 - Honeywell (NYSE:HON) announced today it has signed an $11 million contract with Bulgaria's largest thermal power plant.Honeywell will supply its Experion® Process Knowledge System (PKS), field instrumentation, basic design, engineering and installation services for the Maritza East 2 electric utility power plant, near Stara Zagora in Bulgaria.The key driver of the project is the need for modernization of the Maritza plant with a safe, reliable, robust automation system that will help it enhance efficiency through better controls, higher reliability and less downtime. With Honeywell's technology, the Maritza plant will be able to utilise process data more effectively for future planning, scheduling and cost management.
Additionally, the process history database (PHD) solution will enable the power supplier to install and benefit from sophisticated business applications in the future. The Maritza plant, owned by NEK, the national electric company, is an important provider of base-load power-generation capacity to the country.The upgrade will completely refurbish the controls for three utility blocks that produce 178 megawatts each. The upgrade will improve efficiency, safety, technology and business applications." We selected Honeywell because of its ability to provide the highest level of technology, competitive pricing, and local service capabilities," said Atanas Dimitrov, general director of Maritza East 2.
"Honeywell's large installed base and long established presence in Bulgaria give it the ability to deliver the strong, consistent level of services and consultancy Maritza requires. The contract will help modernise the plant and provides a solid foundation for successful operations for the next 20 years." Honeywell will deliver the Experion system, with an integrated burner and safety system, along with its industry-leading PHD for business applications. The project will be completed in three phases, with commissioning and start-up of all units to be completed by 2008.
"In Bulgaria and throughout Central and Eastern Europe we have a well established network of engineers and support staff on the ground to deliver better technology, support and services to customers over the long term," said Paul Orzeske, vice president and general manager, Honeywell Process Solutions EMEA. "This order confirms Honeywell's commitment to deliver high-value solutions to power generation customers in this key strategic geographical region." Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.
Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index.
For additional information, please visit www.honeywell.com . Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry.
For more information about Process Solutions, access www.honeywell.com/ps .
