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ALSTOM wins 375 million euro order for 50 GT10 gas turbines in Iran
20 February 2002
Multi-unit order confirms ALSTOM's leading position in supply of gas turbines for the Oil & Gas industry.
Multi-unit order confirms ALSTOM's leading position in supply of gas turbines for the Oil & Gas industry.
ALSTOM has been awarded an order worth around 375 million euros to supply the National Iranian Gas Company (NIGC) with 50 industrial gas turbine compressor sets to be installed in 18 compressor stations on the IGAT pipeline system for gas transportation within Iran. Each of the type GT 10 turbines will drive a compressor.
The ALSTOM gas turbine facility in Finspong, Sweden, will deliver the first 15 units within the next 16 months. These will be largely manufactured in Finspong, with the remaining units, which will be delivered over the following four years, having an increasing share of Iranian sourcing. The latter will be co-ordinated by the Oil and Turbocompressor Company of Iran (OTC), a company which has been specially formed to deal with all aspects of the Iranian supply.
The magnitude of this order reflects the customer's confidence in ALSTOM and its technology. 'The need for a modern, cost-effective and reliable solution for our power needs was the determining factor in NIGC's choice,' says Hamdollah Mohammed Nejad, chairman of NIGC. 'ALSTOM's commitment to procuring an increasing amount of the equipment locally was also a significant factor'.
The GT10 is a modern, well-proven machine offering a balance of high efficiency, robustness and reliability in both power generation and mechanical drive applications. This combination leads to outstanding life-cycle costs for the customer.
Alexis Fries, President of ALSTOM's Power Sector, says: 'We are pleased to have been entrusted by NIGC with this very important order and will support our customer fully throughout the duration of the contract and beyond. This order will establish the GT10 gas turbine as the market standard in this size range for mechanical drive applications and ALSTOM's position as a leading supplier to the Oil and Gas Industry'.
ALSTOM is the global specialist in energy and transport infrastructure. The Company serves the energy market through its activities in the fields of power generation, power transmission and distribution and power conversion, and the transport market through its activities in rail and marine.
Following the sale of its electrical contracting activity, finalised on 20 July 2001, ALSTOM has annual sales in excess of 22 billion euros and employs 120,000 people in over 70 countries.
The Company is listed on the Paris, London and New York stock exchanges.
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