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  2. Finance Committee - Agenda - 4/15/2020 - P191

Finance Committee - Agenda - 4/15/2020 - P191

By dnadmin on Mon, 11/07/2022 - 13:32
Document Date
Fri, 04/10/2020 - 14:58
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 04/15/2020 - 00:00
Page Number
191
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__041520…

121 Mount Vernon St., Boston, MA 02108, USA
Phone: +1617 242 2204 Fax: +1617 242 2205

www.mavel.com

1.4 Mavel Company Summary

Mavel is a leader in the supply of hydroelectric turbines and related equipment for projects utilizing turbines with
power of up to 30 MW. The Czech-American owned and managed company has installed or signed orders for about
500 Kaplan, Francis, Pelton and micro turbines over the past 25+ years at more than 325 sites in 43 countries. Mavel
has ISO 9001:2015, ISO 14001:2015, ISO 3834-2:2005 and OHSAS 18001:2007 certifications and designs and
manufactures the full turbine scope at its Czech Republic manufacturing facilities. Copies of the ISO certifications are
provided in Appendix H.

Mavel’s Headquarters outside of Prague, CZ

History. In 1990, Mavel was founded as the 176th company under the country’s new Commercial Code by a group of
hydroelectric power specialists and professors. From a small hydro-engineering firm in Prague, Mavel now has over
15,000 square meters (150,000 square feet) of facilities which house over 40 production machines, including a 5-axis
milling machine installed in 2010 and a 6-axis machining center installed in 2013. The top management team is the
same and has worked together for approximately 25 years.

Numbers. Mavel employs approximately 200 persons (including 60 engineers) and ships between 20 and 40 turbines
annually to sites around the world. Conservatively run, Mavel has virtually no long-term debt, a bonding facility with
for projects in North America and no history of penalties or liquidated damages related to late delivery or performance
guarantees.

Turbines and Kaplan Expertise. Mavel has over 100 proprietary turbine designs for Kaplan, Francis, Pelton and micro
turbines with power per unit ranging from 30 kW to 30 MW. The majority of turbines Mavel has installed since founding
have been Kaplan. This experience has provided Mavel the ability to develop designs for various low head site
conditions addressing their specific challenges. The company’s R&D department engages in the active development of
new turbine designs and equipment alternatives to best meet the requirements of its diverse customers.

North America. In 2005, Mavel established an office presence in Boston, MA. Today, sales, project management,
purchasing, field service and other activities for the Americas as well as global marketing are managed through the
company’s 100% owned subsidiary Mavel Americas, Inc. To date, Mavel has signed contracts for almost 60 turbines in
the Americas for a wide variety of customers from utilities to independent owner/operators.

Project No. 0-29029.Rev.3 www.mavel.com Jackson Mills Upgrade

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Finance Committee - Agenda - 4/15/2020 - P191

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