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
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
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.
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
Emmanuelle Châtelain, Isabelle Tourancheau - Tel +33 1 41 37 38 /39 95
Sapna Lalwani (Alstom Thermal Power) - Tel +41 79 486 3798
Delphine Brault - Tel +33 1 41 49 26 42
Copyright Business Wire 2013