Friday 14 January 2011

Alstom sign major power plant deal

Alstom, who specialise in power generation and rail infrastructure, have agreed to build two fossil fuel power plants in Estonia for Narva Elektrijaamad AS, a subsidiary of Estonia's state owned utility Eesti Energia.

Under the terms of the deal Alstom will design, manufacture and install a 300 MW plant for €540 million with the option for a second 300MW plant to be built within 18 months for €410 million.

Patrick Kron, Chairman and CEO of Alstom said: "This contract illustrates Eesti Energia's sustained trust and confidence in Alstom's technology and expertise in project execution."