Flowserve Awarded Several Contracts for Pumping Systems at Cogeneration Power Plant in Germany

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it received multiple orders for key pumping systems for the Lichterfelde Cogeneration Power Plant. The orders were booked in the first quarter of 2014. Located in Germany, the 300-megawatt (MW) plant replaces an old coal plant.  Cogeneration power plants use natural gas as a fuel and have an efficiency level almost double that of a comparable coal fired plant, resulting in significantly reduced emission levels. The cogeneration facility utilizes the otherwise wasted heat energy for district heating.

The Flowserve pumping systems at the heart of this plant use heavy-duty, radially split, multistage between bearings pumps for boilerfeed service (BFP) and canned vertical turbine pumps for condensate extraction (CEP). In addition, Flowserve will also provide the pumps for the district heating process.

"Flowserve's extensive experience and history of supplying equipment for cogeneration and combined cycle power plant projects of this magnitude were crucial factors in winning these orders," said Jim Quain, president, Flowserve Sales Organization. "Also important was our ability to supply the entire project's pumping needs as well as our full line of services, including installation, start-up and lifetime maintenance."

The engineering and construction activity for the projects is being managed by Iberdrola, the distinguished Spanish engineering, procurement and construction (EPC) company.

Flowserve Contacts
Investor Contacts:
Jay Roueche, vice president, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, director, Investor Relations, (972) 443-6636

Media Contact:
Lars Rosene, vice president, Global Communications and Public Affairs, (972) 443-6644

About ACWA Power International: ACWA Power International (ACWA Power) is a developer, investor, co-owner and operator of plants with a generation portfolio of 15,731 MW of power and 2.37 million m3/day of desalinated water with an investment value in excess of USD 23 billion and providing employment to more than 2,300 people.

The company, incorporated in the Kingdom of Saudi Arabia, with a paid-up capital of approx. USD 1.4 Billion is owned by eight Saudi conglomerates besides Sanabil Direct Investment Company (owned by the Public Investment Fund) and by the Saudi Public Pensions Agency. ACWA Power's core business is the delivery of electricity and desalinated water by operating assets in which the company has a meaningful level of investment to exercise operational control.

About Flowserve: Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's Web site at www.flowserve.com.

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