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Global Water Technologies to Supply Siberian Power Plant

30 August 2000

Global Water Technologies, Inc., a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities worldwide, today announced that its wholly owned subsidiary, Psychrometric Systems, Inc. (PSI), was awarded a $2.7 million contract to supply two water cooling towers for the Mutnovsky Geothermal Power Plant, located in southern Siberia, which is being financed by the European Development and Reconstruction Bank. The cooling water system supplied by PSI will cool 50,000 gallons of water per minute. PSI will supply its proprietary fiberglass structure that is designed to withstand the severe weather conditions encountered in this region. PSI is the world's leader in FRP composite material utilized in water cooling towers.