ALSTOM wins a €100 million environmental control
systems order in the US

ALSTOM, in consortium with Stone & Webster Inc., has
entered into an alliance agreement with Duke Power to
progressively retrofit four power stations with Flue Gas
Desulphurisation (FGD) Systems to control sulphur dioxide
emissions. This total programme is valued at around
1billion.

Under the terms of the alliance agreement, Duke Power has
now awarded the Consortium a firm contract, valued at over
280 million, to retrofit the first of these four power
stations; Marshall Steam Station in North Carolina.
ALSTOMs share of the contract is valued at over
100 million. ALSTOM will design, engineer and procure
the process island (scrubber) the technology used to
remove sulphur dioxide from power plant emissions and
Stone & Webster will perform balance-of-plant design,
engineering and procurement, as well as construction services
for the scrubber installations. Work will commence on the
Marshall Steam Station in February 2004 and is scheduled for
completion in 2007.

The alliance agreement envisages retrofit by the Consortium
of a total of twelve units (6,600 MW) at four power stations
which are owned by Duke Power, a Duke Energy company. The other
stations targeted for retrofitting under this FGD Retrofit
Program are the Belews Creek, Allen and Cliffside stations in
North Carolina.

ALSTOM and Stone & Webster formed the consortium in
December 2002 to execute the Phase I and Phase II engineering
and planning for Duke Powers FGD Retrofit Program. 
Services already performed included investigative studies to
define Duke Powers air emissions as well as development
of the optimal plant design for the power stations to be
retrofitted.

This contract confirms our leading position in the
growing market of environmental controls says Philippe
Joubert, President of ALSTOMs Power Environment
Sector.

Press relations:


G. Tourvieille/S. Gagneraud


(Tel. +33 1 47 55 23 15)

Investor relations:


E. Chatelain


(Tel. +33 1 47 55 25 33)