ALSTOM wins power plant order in Chile worth 120 million
euros

ALSTOM has been awarded a contract valued at approximately
120 million euros to convert the Nehuenco II power station in
Chile into a combined cycle by supplying the steam add-on. The
order was placed by COLBUN S.A., one of the largest power
generation companies in Chile, majority owned by Tractebel and
the Chilean Matte Group.

This new 370 MW combined cycle power plant is being
installed in the province of Quillota, alongside the Nehuenco I
combined cycle power station, constructed in 1996. The
investment in Nehuenco II has enabled COLBUN S.A. to win the
bid launched by the state-owned mining company Codelco for the
award of a 12 year power purchase agreement for the supply of
more than 300MW.

The open cycle gas turbine part of the plant, which is being
supplied by GE (1Xframe 9FA plus gas turbine), will have an
output of some 260 MW and is scheduled to commence commercial
operation in May 2003.

Under this separate contract, ALSTOM will provide the
equipment to convert the open cycle into a combined cycle, and
thus boost output and efficiency. To do this, ALSTOM will
supply the steam add-on which includes a 1x135 MW steam
turbogenerator set, one heat recovery steam generator and the
electrical balance of plant. The combined cycle plant is
scheduled to enter commercial operation in March 2004. Natural
gas will be the main fuel with diesel oil as back-up.

As Bernard Lemoine, Managing Director of ALSTOM's Steam
Power Plant Segment remarks: 'This order is an illustration of
our strong competitive position in the global steam add-on
market, where we convert gas turbines of any manufacture to
efficient combined-cycle operation. '

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.

Press enquiries:

Gilles Tourvieille/Séverine Gagneraud

(Tel. +33 1 47 55 2315 )

internet.press@chq.alstom.com

Investor relations:

R. Shaw (Tel. +33 1 47 55 25 78)

investor.relations@chq.alstom.com 

Internet :
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