Jan. 10, 2001–ALSTOM has been awarded a contract by the Saudi Electricity Company worth over 440 million euros to extend the Shoaiba oil-fired power plant in Saudi Arabia.

ALSTOM was awarded the turnkey contract to construct units 1-3 of the plant, situated 120 km south of Jeddah on the Red Sea, in October 1998. The Phase 2 contract for Units 4 and 5 will be a continuation of Phase 1.

ALSTOM Power will supply 2 x 390 MW Steam Turbine Generator sets, the boilers, the overall electrical and control system and balance of plant ; a large part of the infrastructure, civil engineering and auxiliary systems having been supplied under Phase 1. In addition, as consortium leader, ALSTOM Power will be responsible for the project management, engineering, procurement, construction and commissioning of the plant.

Phase 1 is currently under construction and the first unit is scheduled to begin operation in July 2001. Engineering and construction of the second Phase is due to begin immediately, with expected commercial operation for Unit 4 in mid -2003 and Unit 5 at the end of 2003.

This latest success underlines ALSTOM´┐Żs world leading position in turnkey power plant construction and expertise in the management of complex infrastructure projects.

“We are delighted to have received the second Phase contract of Shoaiba, which shows the confidence our customer places in us,” commented Bernard Lemoine, Managing Director of ALSTOM Power Steam Power Plant Segment.

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, power conversion and electrical contracting and the transport market through its activities in rail and marine.

Following the full integration of the power generation activities, ALSTOM today has annual sales in excess of 20 billion euros and employs approximately 140,000 people in over 70 countries.