Alstom Secures a Large Contract in Saudi Arabia to Supply Steam Turbine Generators for the Shuqaiq Power Plant

Regulatory News:

Alstom (Paris:ALO) has secured another important contract in the Kingdom of Saudi Arabia following its selection by lead contractor Hyundai Heavy Industries (HHI)¹ to supply 4 x 720 MW steam turbine generator sets for the Shuqaiq project. The contract is valued at approximately €170 million. The Shuqaiq plant is due to enter commercial operation in 2017.

Alstom's contract includes the engineering, manufacturing, supply and field services for all four steam turbines and generators, and will also include all direct control and auxiliary systems.

The 2,650 MW power plant will be located on the Kingdom’s western Red Sea coast and will be among the world’s most efficient facilities run on heavy fuel oil. With the Alstom machines at its core, Shuqaiq will help Saudi Arabia expand generation base whilst minimising environmental impact.

The new contract comes just five months after Alstom was picked to supply 5 x 620 MW steam turbine, generators, supercritical boilers as well as electrostatic precipitators and flue gas desulphurisation systems for the Yanbu 3 plant in Saudi Arabia.

"We are proud to be selected by HHI as partner for this large and important project. This second substantial order for Saudi Arabia this year underlines Alstom's leading position in high efficiency steam turbine technologies," said Andreas Lusch, Senior Vice President for Alstom's steam business.

Currently more than one-fifth of Saudi electricity is generated on equipment supplied by Alstom, including those for the Shoaiba thermal power plant. With a capacity of 5,600MW and known as ‘the Giant of the Middle East’, the plant is the biggest in the region.

¹ Hyundai Heavy Industries was awarded the turnkey contract by state utility Saudi Electricity Company (SEC) for the Shuqaiq power plant early August 2013.

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 93,000 people in around 100 countries. It had sales of over €20 billion and booked close to €24 billion in orders in 2012/13.