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Title
VA Tech reports dip in power order intake.
Abstract
Austrian company VA Tech has reported falls in annual orders for its Power and Water division. VA Tech T&D showed an order intake of€ 1.2 billion (US$1.37bn) during 2002, an 11 per cent drop on the preceding year. The company's key hydropower projects during the year came from China, including the Tong Bai pumped storage power plant, which, with an installed capacity of 1,224MW, will be one of the largest of its type worldwide, and the Lang Ya Shan pumped storage power plant.