ALSTOM signs a 700 million contract for GT26 gas
turbine-based turnkey project in Thailand

Further to the recent announcement that ALSTOM
has been awarded a project for a 1400MW combined-cycle turnkey
power plant at Kaeng Khoi in the Saraburi province of Thailand,
ALSTOM has signed the corresponding contract which is today put
into force. The order is valued at around
700 million and was
placed by Mitsui & Co. Ltd, Japan, and Gulf Power Generation
Co. Ltd.

ALSTOM will design, build and commission the
plant, consisting of two blocks with two gas turbines each, which
will be owned and operated by Gulf Power Generation Co. Ltd.
Equipment supplied by ALSTOM will include four GT26 sequential
combustion gas turbines and associated steam turbines and
generators. The first block is expected to be in full operation
by March 2007, and the second by March 2008. ALSTOM will also
provide major spare parts for the first 12 years of
operation.

Philippe Joubert, President of the Power
Turbo-Systems and Power Environment Sectors, said: This
contract is further proof, if more were needed, that the market
has confidence in ALSTOMs proven cutting-edge
technology.

The GT24/GT26 fleet has accumulated close to
1,200,000 operating hours. These units are performing with high
reliability levels, and have the best operational results
available on the market of heavy gas turbines.

ALSTOM is a global leader in power generation and rail
transport infrastructure. The Company serves the energy market
through its activities in the field of power generation and the
transport market through its activities in rail and marine.
ALSTOM's annual sales are around 14 billion. It employs
71,000 people in over 70 countries worldwide.

Press relations:

M. Boulot / G. Tourvieille

Tel. +33 (0)1 41 49 27 40

internet.press@chq.alstom.com

Investor Relations:

E. Chatelain

Tel. +33 (0)1 41 49 37 38

investor.relations@chq.alstom.com