ALSTOM Wins Major Power Transmission Contract in
Chile
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A consortium
led by ALSTOM has won a 92 million euro turnkey series
capacitor system (SCS) contract with TRANSELEC, the main
Chilean high-voltage transmission operator, to strengthen its
transmission grid. ALSTOM's share of this contract is 56
million euros.
The consortium,
which includes Japanese firm Mitsubishi Electric Company
(MELCO), beat off competition from three other world-class
competitors to supply a full turnkey solution to transmit
electricity produced by the RALCO 570 MW hydro-power plant,
currently under construction by ALSTOM on behalf of ENDESA,
within central Chile.
The scope of
this project includes the construction of four 500 kV SCS, a
new 500 kV/220kV substation at Charrua, the expansion of two
500 kV substations at Ancoa and Alto Jahuel, the supply of
1,500 MVA autotransformers, 500 kV reactors, a digital
protection and control system and all related civil works,
erection, testing and commissioning.
By using SCS
technology, TRANSELEC can increase the transfer capacity of
its 500kV system, thereby avoiding the costly and
time-consuming process of building new transmission lines.
The whole infrastructure is expected to be in operation by
mid-2004.
The contract
one of the most important Chilean transmission project in the
last 10 years follows on from another SCS contract, in
Vietnam, won by ALSTOM in recent months, thus confirming the
company's strength in the field.
'This is a
major achievement for ALSTOM in the growing market of SCS,'
said Philippe Joubert, President of ALSTOM s Transmission and
Distribution Sector. 'By improving the grid efficiency, this
technology allows network operators to optimise their assets
and offers a better service to the final customer without
further disruption to the environment.'
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 and power transmission
and distribution, and the transport market through its
activities in rail and marine. In fiscal year 2001/02,
ALSTOM had annual sales in excess of ¬ 23 billion and
employed more than 118,000 people in over 70
countries.
ALSTOM is
listed on theParis, London
and New York stock exchanges.
Press
enquiries: G. Tourvieille / S.Gagneraud
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55 23 15)
Investor
relations: R. Shaw
(Tel. +33 1
47 55 25 78)
investor.relations@chq.alstom.com