ALSTOM wins 375 million euro order for 50 GT10 gas turbines
in Iran

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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