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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Alstom    ALO   FR0010220475

ALSTOM

(ALO)
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ALSTOM : Wins Contract Worth Approximately ?500 Million to Construct Israel's Biggest Private Power Station

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06/06/2011 | 01:45pm EDT

Regulatory News:

Alstom (Paris:ALO) has signed today an EPC (engineering, procurement and construction) contract worth approximately ?500m with Dalia Power Energies Ltd to build the 835 MW gas fired Tzafit power plant in Israel. The project represents Alstom's first entry into the Israeli gas market and will be the country's largest privately-owned power station. In the coming weeks, Alstom will sign a twenty-year O&M (operation & maintenance) agreement, covering day-to-day operation and maintenance at the plant.

The EPC contract, due to be booked in the second half of the 2011-2012 fiscal year, covers the supply and construction of two 417 MW gas fired combined cycle units as well as associated civil works, balance of plant, Alstom's distributed control system (DCS) Alspa Series 6 and switchyard equipment to connect the power station to the grid. Each unit is based on Alstom's KA26 single-shaft configuration, containing Alstom's GT26 gas turbine, steam turbine, generator and heat recovery steam generator (HRSG).

The power plant, located 40km south-east of Tel Aviv, will be commissioned in 2014. It will add 835 MW to the national grid, which corresponds to about 7% of the country's installed power generation capacity. Tzafit's location at the intersection of the national electricity grid will enable the plant to feed electricity to both the grid's northern and southern sections, increasing the reliability of electricity supply to end users.

The Israeli government is encouraging investments by IPPs (independent power producers), while the recent discoveries of major gas reserves near the Israeli coasts is likely to encourage investment in gas fired combined cycle power stations.

About Alstom
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 93,500 people in around 100 countries, and had sales of over ?20.9 billion in 2010/11.

Press Contacts
Philippe Kasse, Stéphane Farhi (Alstom Corporate)
Tel +33 1 41 49 29 82 /33 08
philippe.kasse@chq.alstom.com, stephane.farhi@chq.alstom.com
or
Susanne Shields (Alstom Power)
Tel. +33 1 41 49 27 22
susanne.shields@power.alstom.com
or
Investor Relations
Emmanuelle Châtelain, Juliette Langlais
Tel + 33 1 41 49 37 38
investor.relations@chq.alstom.com
or
Websites
www.alstom.com,
www.alstom.com/power


© Business Wire 2011
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