Alstom to Supply Equipment to Devoll River Hydropower Project in Albania

Regulatory News :

Alstom (Paris:ALO) was awarded a contract worth around €100 million by the Norwegian company Statkraft AS, Europe’s largest producer of renewable energy and the leading power company in Norway to supply 6 Francis turbine-generator units and auxiliaries to its subsidiary in Albania, Devoll Hydropower Sh.A (DHP), a project company in charge of the construction of new hydropower plants on the Devoll river, in southern Albania.

The scope of the contract, which has been booked in the first quarter of the fiscal year 2013/2014, also includes two high voltage substations of 220 kV and 110 kV in addition to hydraulic steelworks such as gates, penstock, stoplogs and trash-racks. Most of the equipment will be manufactured in Alstom’s factories in Spain and Turkey.

Albania relies on hydropower for about 90% of its electricity production. The Devoll hydropower project is currently the first large scale public-private-partnership investment in the country and one of the largest hydropower investments in the Balkans. With a total capacity of 243 MW, the Devoll river project will generate approximately 700 GWh of renewable, environmentally-friendly energy each year and increase the current electricity production in Albania by approximately 17%. It will supply more than 300,000 Albanian households.

Alstom Country President in Norway, Eric Staurset stated: "We are proud to be awarded this contract, which will be the largest project we have undertaken so far with Statkraft. We are looking forward to starting the project with Statkraft and its associated partners.”

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.