EAST HARTFORD, Conn., October 2, 2007 – Pratt & Whitney Power Systems, a United Technologies Corp. (NYSE:UTX) company, signed an agreement with Generación Mediterránea S.A., a subsidiary of Albanesi S.A., for two 60-megawatt FT8 SWIFTPAC units to be located in Rio Cuarto, Argentina. Financial terms were not disclosed.
Generación Mediterránea S.A expects to run the two units at base load to provide power to the Argentinean electrical grid beginning in July 2008 and will be supported Pratt & Whitney Power Systems under a 5-year comprehensive service agreement.
“We look forward to developing a strong, long-term relationship with Generación Mediterránea S.A. as we support their power needs,” said Peter Christman, president, Pratt & Whitney Power Systems. “The sale of the two units to Generación Mediterránea S.A. represents the introduction of the FT8® SWIFTPAC product line to the Argentine market and gives us confidence that we are well positioned to take advantage of the growing power needs in Latin America.”