Alstom to Provide Parts and Equipment for Eleven Gas Turbines in Libya
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130114:nBw145553a Contract worth €250 million LEVALLOIS-PERRET, France--(Business Wire)-- Regulatory News : In late December 2012, Alstom (Paris:ALO) signed a €250 million1 contract with the General Electricity Company of Libya (GECOL) to supply spare parts for 11 gas turbine units at five different power plant locations. The 11 GT13 turbines were originally provided by Alstom. The contract also includes a package of strategic spares for use across GECOL`s installed base. The delivery of parts for major inspections on six turbines is scheduled for 2013, whereas the remaining parts for the five turbines will be delivered in 2014. The service part of the inspection works will be partially carried out by ALGEC GT Services, a joint venture (JV) company established by GECOL and Alstom in 2004. The JV employs more than 100 local employees to service and maintain gas turbines and combined cycle power plants in the country. These contracts support GECOL`s objectives to have all the company`s gas power plants operational and re-connected to the Libyan electrical grid, in order to provide enough power to cover the peak summer and winter demands for 2013. Alstom has a long standing relationship with GECOL and has delivered 24 gas turbines to the country, which represents more than 50 % of GECOL`s operational capacity. Commenting on the award, Hans-Peter Meer, Senior Vice President of Alstom Thermal Services said, "Alstom together with GECOL are committed to restore power back to Libya. Our services ensure that gas plants across the globe continue to operate with high efficiency and reliability. They will be instrumental in bringing much needed generation capacity back to the Libyan grid." This contract further strengthens the performance of Alstom`s service offering. It closely follows contracts to service gas turbines in the Ivory Coast and Jordan, thus boosting its presence in the Middle East Africa region where upgrade and optimisation of the region`s installed base of power generation remains a high priority. 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 92,000 people in around 100 countries. It had sales of €20 billion and booked close to €22 billion in orders in 2011/12. 1 The contract has been booked in the third quarter of the financial year 2012/13 Website www.alstom.com Alstom Press contacts Emmanuelle Châtelain, Isabelle Tourancheau - Tel +33 1 41 37 38 /39 95 email@example.com, firstname.lastname@example.org or Sapna Lalwani (Alstom Thermal Power) - Tel +41 79 486 3798 email@example.com or InvestorRelations Delphine Brault - Tel +33 1 41 49 26 42 firstname.lastname@example.org Copyright Business Wire 2013