Panama Real Estate Blog

Alstom reinforces global footprint in Portugal and Panama with new hydro-power contracts.

Alstom has signed two hydro-power contracts, reconfirming its place as the leader in hydroelectricity. They have over a century of attained know-how and now supplies roughly 25% of hydro-power from a mounted base of 400 GW of generators and turbines globally.

Alstom Hydro, in association with its Portuguese partners SMM and EFACEC Engenharia S.A., has won a contract worth E94 million with Portuguese utility EDP to extend the Alqueva station at Villa de Beja, Portugal. The extension is due for completion in 2012; the Alqueva II project is part of their plan to boost the share of renewable energies.

Alstom will deliver, install and supply two 130MW turbine-generator units that are reversible to the plant, thus increasing total power output up to 520 MW.  SMM and EFACEC Engenharia S.A. will be responsible for managing the plant and construction at the site, respectively.

Alstom Hydro has also won a contract worth E60 million with SECA or Suez Energy Central America to provide electromechanical equipment to 3 new hydro-power plants on Chiriqui River, Chiriqui, Panama.  Awarded in August to Alstom Hydro, they will supply hydromechanical and lifting equipments, turbines and generators to power plants Gualaca, Lorena and Prudencia, with delivery schedules from August of 2009 to February of 2011.

This contract strengthens Alstom’s place in the market. Hydroelectric installed capacity in areas in Latin America, which includes Brazil and Paraguay, is over 143.8 GW, which Alstom holds a 25% share. With this project, Alstom confirms its commitment to the region to secure power supply and to continue working on solutions supporting the development of the electricity market.

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