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    ALO   FR0010220475

ALSTOM

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Real-time Euronext Paris  -  11:35 2022-10-04 am EDT
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Alstom : starts the construction of its new Hydro facility in Bilbao, Spain

04/15/2015 | 05:41am EDT

15/4/2015

Alstom has started the construction on its new industrial centre in Bilbao, dedicated to hydroelectricity activity. This new site will replace the current facility located in Valle de Trápaga (Vizcaya). The search for a new location followed a commitment made by Alstom in July 2013 when the company sold its mining activities to ABB. The inauguration of the new factory is expected for the end of 2015.

Alstom´s industrial centre in Bilbao is one of the nine sites operated by the company in the hydroelectric energy business. It is specialised in the small and medium power generators (up to 50 MW) and also manufactures diesel generators for hydroelectric projects worldwide. 80% of its production is currently exported, mainly to Latin America, Asia and Europe. Until 2013, the Bilbao centre supplied generators that equipped hydroelectric facilities in 22 countries, especially in Turkey (585 MVA), Italy (536 MVA), Norway (296 MVA), Albania (143 MVA) and Switzerland (102 MVA), totalling 2400 MVA.

Alstom's new industrial centre in Bilbao will be located in the city of Ortuella. The plant, placed on a 10,000 m2 plot, will have a floor area of 6300 m2, among which 5000 m2 dedicated to industrial activities and 1300 m2 used for offices and engineering. The total investment for the construction of this plant amounts 12 million euros.

A large part of the Bilbao site's activity is conducted in cooperation with the Alstom centre of Cornellá (Barcelona), where hydraulic turbines are designed.

The Alstom Hydro engineering centre in Bilbao also participates to the development of new ocean and renewable energies within Alstom's R&D programmes worldwide.

Alstom, a worldwide leader in Hydroelectric Power

Alstom Hydro in Bilbao is part of the largest global industrial and technology group related to hydroelectric energy. With over 100 years of experience, Alstom is the world's leading manufacturer of hydroelectric energy equipment. Globally, one in every four hydroelectric plants is equipped with Alstom technology.

In Spain, the first project dates back to 1906 with the construction of the Zumarresta damn, owned by Iberdrola. Since then, Alstom has installed in Spain over 300 hydroelectric turbines and 2.000 generators, with a total installed capacity of 7 gigawatts, 40% of the total hydroelectric capacity in the country.

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© Publicnow 2015
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Net income 2023 272 M 267 M 267 M
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Yield 2023 2,25%
Capitalization 6 356 M 6 253 M 6 253 M
EV / Sales 2023 0,55x
EV / Sales 2024 0,51x
Nbr of Employees 69 317
Free-Float 99,2%
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Bi Yong So Chungunco Independent Non-Executive Director
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