POSCO Orders Kawasaki Steam Turbine Generator

Tokyo, March 18, 2010 — Kawasaki Heavy Industries, Ltd. announced today that it has received an order for a 29.7 MW steam turbine generator from Korean steel manufacturer, POSCO. The steam turbine generator will be delivered to POSCO’s Gwangyang Steel Works in June 2011.

The steam turbine generator will be installed in a coke dry quencher (CDQ*). The CDQ quenches red-hot coke, dried by distillation in a coke oven, with inert gas and recovers sensible heat using a boiler to produce steam for power generation.

Kawasaki launched its first industrial steam turbine in 1956. Since then it has established a track record that includes the delivery of over 330 steam turbine units, including 34 shipped to Korea. This latest order is a testament to the superior performance and lifecycle cost of Kawasaki steam turbines as well as Kawasaki’s reliable services and proven track record.

Kawasaki is continuing to expand sales of its highly efficient power generation systems boasting a smaller environmental footprint as it moves forward to bring its energy and environmental business to new heights.

*A CDQ quenches red-hot coke (dried by distillation in a coke oven) with inert gases circulating in a quenching chamber. The CDQ quenching process occurs in a completely air-tight environment. The thermal energy, which would otherwise dissipate into the ambient environment as vapor with conventional wet quenching methods, can be recovered by the CDQ and used to generate electric power.