ALSTOM wins 100 million euro order to deliver 140 MW gas turbine combined cycle plant to Latvia
ALSTOM wins 100 million euro order to deliver 140 MW gas turbine combined cycle plant to Latvia
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ALSTOM's industrial gas turbines business, in Sweden, has been awarded an order valued at approximately 100 million euros from Latvenergo, the Latvian national electricity company, for a new 140 MW gas turbine combined cycle plant in Riga, to supply both heat and power to the country's capital.
The contract is for the complete construction of the Riga plant, which is a major electric and thermal power supplier for the Latvian capital. Main equipment consists of the KAX100-2, a standard combined cycle power plant package comprising two gas-fired 43 MW GTX100 gas turbines and a single 54 MW steam turbine, including auxiliaries.
The equipment will be delivered from the ALSTOM industrial turbine facility in Finspong, Sweden. Also included in the scope of supply is project execution, Balance of Plant systems, construction, site works and commissioning of the complete plant.
The combined cycle plant will replace the existing 50 year-old plant, and raise the standards of the equipment to meet modern EU demands. The turbines will be delivered in the summer of 2004, and the plant is scheduled for completion by late 2005.
"ALSTOM Sweden is very pleased to be entrusted with this major order," says Lars Josefsson, Country President for ALSTOM Sweden. "It is an advantage for us and for our customers that we have the facilities for and experience of total deliveries of such large-scale projects".
GTX100 is the top of the ALSTOM range of industrial turbines. 17 GTX100 gas turbines have previously been sold for a variety of generation, cogeneration and combined cycle applications. Recent major orders have included cogeneration for Frankfurt-am-Main in Germany, and a district heating project for Moscow City.
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On 28 April 2003, ALSTOM announced that it signed binding agreements to sell its industrial turbine businesses in two transactions to Siemens AG for a total enterprise value of 1.1 billion. On 30 April 2003, ALSTOM announced that it had completed the first of the two transactions with Siemens AG i.e. the sale of the small gas turbines business.
Completion of this transaction followed receipt of a formal derogation from the European Commission under the EC merger regulation, allowing ownership of the business to be transferred to Siemens AG with immediate effect. Pending merger clearance, the medium gas turbines and industrial steam turbines businesses to be acquired by Siemens AG will continue to be owned and managed by ALSTOM.
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