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Alstom Grid, along with other solution providers, have partnered with Pacific Gas & Electric Company (PG&E) to continue collaboration into Phase II of PG&E’s synchrophasor project, Synchrophasor Technology Realization.
Alstom Grid unveils its latest innovations at CIGRE 2014, the biennial worldwide forum of the electrical power industry, held in Paris, France. Alstom’s experience and expertise are once again the creative springboard towards technological developments, which combine invention and innovation for today and tomorrow’s electrical challenges.
Alstom Grid has won three major High Voltage Direct Current (HVDC) contracts with a total value of €800 million (approximately half of this amount was booked in Q1 of the current fiscal year, the other half will be booked in Q2).
The photo, of a person or a group, can be taken on a train, a tram, a metro or when setting off for a journey in a station or on a platform.
Alstom has been awarded contracts worth approximately €335 million ($450M) to supply a power island (KA24) for Iberdrola’s Monterrey III combined-cycle power plant in Pesqueria, Nuevo Leon. The contracts also include a Long Term Service Agreement (LTSA) for new unit 5 and for the existing 4 units. The commissioning is scheduled in 2016.
From 1 April to 30 June 2014, Alstom booked €8.2 billion orders, twice the level of the first quarter last year. This record performance derives essentially from a contract with PRASA in South Africa booked in Transport for around €4 billion, as well as a good flow of orders in Renewable Power and Grid.
Alstom has signed with Renova Energia, leader in wind power generation in Brazil, a contract totalling around €320 million , to deliver, erect and commission 127 wind turbines, in the wind complex Umburanas, located in Bahia State.
Megalim Solar Power Ltd (Megalim) - a special purpose company formed by Alstom (25.05%), BrightSource (25.05%), and NOY Infrastructure & Energy Investment Fund (49,9%) - obtained the financing of the European Investment Bank and the Bank Hapoalim for the construction and operation of the Ashalim Thermal Solar Power Station in Israel.
Alstom signed a contract worth around 120 million euros with Tractebel Energia Brasil, the largest private power generator in Brazil, to supply 36 units of ECO 122 wind turbines to Trairí II project, a wind farm located in Ceará State, Northeast of Brazil. The commissioning of Trairí project is scheduled for mid-2016 and will generate 97.2MW.
Alstom’s ordinary and extraordinary shareholders’ meeting, convened on 1 July 2014,
approved all the resolutions with the exception of the 20th resolution, which proposed to introduce in the bylaws of Alstom a new provision in order to maintain single voting rights.
Alstom signed a contract with PGE Energia Odnawialna S.A., worth approximately €80 million , for the supply of 30 ECO110 wind turbines for the “Lotnisko 90MW” wind farm, which will be based in Kopaniewo.
The Board of Alstom, acknowledging unanimously the strategic and industrial merits of this offer, has decided on June 21st 2014, to issue a positive recommendation of the General Electric offer, authorizing Patrick Kron, in his capacity of Chief Executive Officer of Alstom, to engage in the next step of the process.
On Tuesday 24 June, Patrick Kron, Alstom Chairman and CEO, and Jeffrey Immelt, GE Chairman and CEO, visited together Belfort industrial site, a major site for the two groups.
Alstom, as part of a consortium , has been awarded a contract by Qatar Railways Company (QRAIL) to supply a turnkey tramway system for a 4-line tram network in Lusail, Qatar.
Patrick Kron was interviewed on Monday 23 June, by the French journalist Jean-Pierre Elkabbach, in the programme "l'Interview politique" on Europe 1 radio (in French).
The ad hoc committee of independent directors appointed by the Board on April 29, 2014 and led by Jean-Martin Folz, thoroughly reviewed, on multiple occasions, the proposed transactions. Based on the works of the committee and financial and legal advisors, the Board of Directors has unanimously decided to issue a positive recommendation of the offer from GE.
The Board of Directors of Alstom will be convened no later than Monday, June 23, to review and resolve upon the updated offer of General Electric and the proposal of Siemens and Mitsubishi Heavy Industries. In the meantime, Alstom does not intend to communicate further on the ongoing process.
Alstom Transport will be at InnoTrans, the largest trade fair for the railway industry, to be held in Berlin, Germany from 23 to 26 September 2014. On this occasion, Alstom will introduce three major innovations: the very latest version of its Citadis tram, a predictive maintenance tool, and new versions of the Atlas range, its ERTMS solution.
The ad hoc committee of independent directors of Alstom, chaired by Mr. Jean-Martin Folz, met today in the presence of Mr. Patrick Kron, Chairman of the Board and CEO, with senior officers of Siemens and Mitsubishi Heavy Industries who presented the terms of a proposal relating to Energy activities of Alstom.
Alstom has been awarded a contract to deliver its Distributed Energy Resources Management System (DERMS) for the Vendée, a French administrative district, located on the west coast of France. Smart Grid Vendée is a €28 million consortium-led demonstration project launched in June 2013 that will last five years
Alstom is to supply 15 Citadis Dualis for the Ile-de-France region after an SNCF exercise of option on behalf of STIF. This order, which is part of the framework agreement signed in 2007 on behalf of the French regions, amounts to a total of 80 million euros. The delivery of the 15 Citadis Dualis tram-trains will begin in the summer of 2016 for an expected commercial operation from July 2017, on the Epinay-sur-Seine and Le Bourget sections of the TLN line.
Today Alstom introduced the Coradia Liner V200, its latest, innovative main-line train, at the European Mobility Exhibition for Public Transport at the Parc des Expositions in Paris.
The international agency, ETHIC Intelligence, has once again certified Alstom’s Integrity Programme following an audit undertaken by the Swiss company, SGS which took place beginning of 2014.
On Thursday 15 May 2014, the ground-breaking ceremony for the onshore converter station takes place at the Dörpen West site in Heede, Germany, with representatives of Transmission System Operator TenneT, contractor Alstom and the mayors of the joint municipalities of Dörpen and Heede taking part, together with local and regional politicians and public figures.
The total amount of the contract is €300 million. Alstom’s share amounts to around €150 million.
Between 1 April 2013 and 31 March 2014, Alstom booked €21.5 billion of orders, down 10% compared to last year. Sales, at €20.3 billion, showed a 4% organic growth compared to last year. Income from operations amounted to €1,424 million, down 3%, with a 7% operating margin.
The Board of Directors of Alstom announced today that it has received a binding offer from General Electric (GE) to acquire its Energy activities. The scope of the transaction includes the Thermal Power, Renewable Power and Grid Sectors, as well as corporate and shared services.
Alstom is pleased to announce that PRASA and Gibela , have concluded the financial close of the contract signed on the 14 October 2013 for the supply of 600 X’Ttrapolis Mega commuter trains (3,600 cars) over a period of 10 years. The contract includes the construction of a local manufacturing facility in Dunnottar, 50 km east of Johannesburg. In addition, Gibela will provide technical support and supply of spare parts over an 18-year period. The overall value of this contract is worth € 4bn.
Alstom continues and deepens its strategic reflection and will make a further announcement no later than Wednesday 30 April morning. In the meantime, the company has requested that the trading of its shares remains suspended.
In response to recent speculation in the economic press, Alstom is not informed of any potential public tender offer for the shares of the Company.
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