How many power project contracts can Alstom win today?

Alstom forms major partnerships to construct 1200MW of power in Singapore, and builds power for the Mediterranean and Africa

Alstom, a French power giant and global leader in supplying equipment and services for power generation, has several major projects coming down the pipe. One day after Alstom, enters into an agreement with BrightSource to build solar thermal plants in the Mediterranean ring, another deal with Keppel Merlimau Cogen (KMC) is signed for an 800 megawatt power plant in Singapore. Alstom also won a contract worth €260 million for another Singapore plant.Phase one of the projects with KMC is worth approximately $48 million, and includes the engineering, procurement and construction (EPC) contract for a 400 megawatt gas-fired combined cycle unit. Under the contract, Alstom will also be responsible for maintenance over the course of 18 years. Phase two of the project involves an additional 400 megawatt combined cycle unit utilizing technology developed by Alstom.Alstom also won an order worth approximately €260 million to construct a new power plant for Tuas Power Generation Pte Ltd (TPG) in Singapore. The order includes an EPC contract for the construction of a new 400 MW gas-fired combined cycle power plant CCP5, as well as a six-year maintenance contract.“This is Alstom’s first contract with TPG, which represents a major breakthrough and is proof of our competitiveness,” said Philippe Joubert, President of Alstom Power. “By selecting us as their partner, TPG has given a strong indication of their confidence in the quality and reliability of Alstom’s products.”The two agreements between Alstom and KMC, and Alstom and TPG, comes one day after Alstom entered into a business partnership with BrightSource Energy to build a solar thermal power plant “ring” in the Mediterranean and Africa. Alstom recently invested a total of $55 million in BrightSource Energy.The agreement will be a combination of Alstom’s power plant and power equipment experience, and BrightSource Energy’s LPT solar thermal technology.Alstom Power president Philippe Joubert said that this partnership is a further step in Alstom’s commitment to solar thermal power, alongside its strong renewable power portfolio in hydro and wind power.BrightSource Energy CEO John Woolard said that this agreement reflects the growing global demand for highly efficient and environmentally-responsible solar power plants.

Posted in Strategy.

Leave a Reply

Your email address will not be published. Required fields are marked *