Alstom Grid wins major Iraq contract

Tuesday, July 05, 2011 2:46 PM

(Source: Arab News, Jeddah, Saudi Arabia)trackingBy Arab News, Jeddah, Saudi Arabia

July 5--JEDDAH -- Alstom Grid has been awarded a 80 million-euro ($116 million) contract from Calik Energy, a leading Turkish energy company, for the supply of electrical transmission equipment to be installed in two power plants being built in Iraq by Calik Energy.

This contract is considered the largest for Alstom Grid in Iraq.

The contract, that includes the supply of GIS substations and power transformers2, has been signed within the framework of the Ministry of Electricity's "Mega Deal3" project to add more than 10,000 MW of power generation capacity in the country.

The natural gas/fuel oil power plants are critical to meeting Iraq's growing demand for energy during the period of reconstruction and rebuilding.

Upon completion, the substations and related equipments supplied by Alstom Grid to transmit electricity from the Al-Khairat and Nainawa's gas-fired power plants will contribute to develop the region by transmitting an additional 2000 MW of new generation capacity through the grid.

Project commissioning is scheduled for June 2012 with a second phase planned in October 2012.

Michel Augonnet, senior vice president for Alstom Grid, said: "This prestigious project demonstrates Alstom's ability to respond to ever-greater needs with customer-valued solutions."

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.

-----

To see more of the Arab News or to subscribe to the newspaper, go to http://www.arabnews.com.

Copyright (c) 2011, Arab News, Jeddah, Saudi Arabia

Distributed by McClatchy-Tribune Information Services.

For more information about the content services offered by McClatchy-Tribune Information Services (MCT), visit www.mctinfoservices.com.

A service of YellowBrix, Inc.


Follow iStockAnalyst on Twitter Follow iStockAnalyst on Twitter
Subscribe to Email Alerts

Comments Closed


  
Advertisement
Related Press Releases
Popular Articles
Advertisement
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.