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[waldron] 18/7/2011 10:32

Le lundi 18 juillet 2011, à 11h 02
(CercleFinance.com) - Crédit Suisse maintient son avis 'neutre' sur Alstom (TLO: ALSO.TI - actualité) , assorti d'un objectif de cours de 44 euros, mais préfère abaisser ses prévisions de résultats à l'approche du chiffre d'affaires trimestriel, prévu le 20 juillet.

[waldron] 15/7/2011 07:32

Siemens keeps €600m Eurostar order after Alstom legal challenge failsHigh court rejects Alstom claim that tender process was 'ineffective'


Share6 reddit this Dan Milmo guardian.co.uk, Thursday 14 July 2011 19.08 BST Article history
High speed Eurostar train in action. Siemens will keep its €600m contract. Photograph: David Noton Photography / Alamy/Alamy
Siemens will keep a €600m (£527m) train order from Eurostar after the high court rejected claims from French rival Alstom that the bidding contest was flawed.

The victory comes weeks after the German manufacturing group beat Bombardier's Derby factory to a £3bn contract for the Thameslink route, prompting political and trade union protests that the government was not doing enough to protect Britain's industrial base.

Eurostar, whose largest shareholder is the French national rail operator, has also found itself embroiled in a row over indigenous manufacturers in France. With implicit backing of the French government throughout the dispute, Alstom has argued that Eurostar in effect shifted the goalposts during the competition by awarding a contract to Siemens that contained substantial differences from the original tender.

The high court rejected that stance in a ruling this week. Justice Mann found there were no grounds for Alstom to claim that the tender was "ineffective", ending the French group's hopes that Eurostar would be forced to run the contest again. Alstom had also exceeded the time limit for bringing the claim, the high court found. "I therefore find that this ineffectiveness claim should be struck out."

An Alstom spokesperson admitted the contract award will not be overturned. However, the group said it will continue to pursue a multimillion pound compensation claim. "There are flaws in the way that Eurostar managed the tendering process and that is why we will continue to pursue our claim for damages."

Siemens has also survived a flurry of political and trade union lobbying over the contract for making 1,200 carriages for the Thameslink route. The transport secretary, Philip Hammond, discussed the Thameslink decision with a delegation from the TUC and rail unions this week but made clear that he could not strip Siemens of its status as preferred bidder.

Even if he wanted to, the Department for Transport would be over-ruled under European Union procurement rules, Hammond said. Bombardier said the Thameslink loss contributed to the announcement this month that it is cutting more than 1,400 jobs at its Derby plant.

Hammond and the business secretary, Vince Cable, wrote to the prime minister with concerns that other European nations appear to defend their manufacturing interests better during tender contests.

Steve Scrimshaw, head of Siemens' UK rolling stock division, said the Eurostar decision, and its award to a non-French company, underlined the fairness of EU procurement guidelines. "This shows that it was a fair and transparent procurement process and it shows that it was evaluated fairly."

[waldron] 11/7/2011 10:20

Alstom, Budapest Reach Agreement in Subway Car Dispute, MTI Says
QBy Zoltan Simon - Jul 11, 2011 9:43 AM GMT+0200 .
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Business ExchangeBuzz up!DiggPrint Email ...Alstom SA (ALO), the world's second- largest trainmaker by revenue, reached an agreement with Budapest in a dispute over a 70 billion forint ($373 million) contract to supply subway cars for the Hungarian capital, MTI reported without citing anyone.

The Budapest city council will discuss the agreement on July 14 and the two sides may sign the agreement next week, the state-funded news service said.

The Levallois-Perret, France-based company won the contract for 44 new air-conditioned, 100-meter (328 feet) subway trains in 2006. Alstom failed to obtain a regulatory permit for the vehicles after the cars didn't meet requirements for the quality of braking systems.

To contact the reporter on this story: Zoltan Simon in Budapest at [e-mail]

To contact the editor responsible for this story: Balazs Penz at [e-mail]

[waldron] 11/7/2011 10:16

07/11/2011 | 04:30 am
ALSTOM : Signs ?100 Million Contracts with TransGrid, the Largest Australian Electricity Transmission Provider
Regulatory News:

Alstom Grid (Paris:ALO) has been awarded two contracts1 worth approximately ?100 million by TransGrid, Australia's largest electricity transmission provider, for three new high voltage electrical substations2 in the State of New South Wales, Australia. The substations will be located at Wallerawang in the Central West area and Holroyd/Rookwood Road in the centre of Sydney. Both projects are scheduled to be delivered in 2013.

The Holroyd and Rookwood Road project, worth around ?70 million, includes three gas-insulated substations, three air-insulated substations and three air-cored series reactors. It represents the first 330kV gas-insulated substation contract awarded to Alstom Grid following a number of successful air-insulated substation projects delivered to TransGrid.
The scope of this project includes complete design, civil works including demolition, architectural aspects, landscaping and oil containment system, modular buildings, auxiliary transformers, protection and control system, AC and DC systems, communication system, installation, commissioning and testing work.

Driven by an increase in electricity demand in the region, mainly due to mining activity, the approximately ?30 million Wallerawang 132kV air-insulated substation project involves a complete upgrade of the feeders between Orange and the Wallerawang substations.

"These substations will be critical pieces of our network and amongst the largest gas insulated projects we have undertaken. Alstom Grid were awarded the contract after a successful tender process, backed by their solid track record in manufacturing and project management. Their solution demonstrates innovation and will allow TransGrid to achieve a cost effective solution for our customers" said Peter McIntyre, Managing Director of TransGrid.

"We appreciate TransGrid's faith in us and we are confident that we can leverage our international manufacturing and local project management expertise to safely deliver these two major projects on time and to the satisfaction of TransGrid," said Grégoire Poux-Guillaume, Alstom Grid President.

1 The ?70 million contract was booked in the first quarter of fiscal year 2011/12.
2 Electrical substations house power transformers and all the equipment needed to protect the network to ensure its safe and efficient operation. Substations link together the various parts of a power grid carrying different voltages.

About Transgrid
TransGrid owns and manages one of the largest electricity transmission networks in Australia and operates over 90 substations and over 12,600 kilometres of transmission lines.

About Alstom
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world. It provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 93,500 people in 100 countries and had sales of ?20.9 billion in 2010/11.

Alstom Grid has over 100 years of expertise in electrical grids. Whether for utilities or electro-intensive industries or facilitating the trading of energy, Alstom Grid brings power to their customers' projects. Alstom Grid ranks among the top 3 in electrical transmission sector with a sales turnover of approximately ?3.5 billion in 2009. It has 20,000 employees and over 90 manufacturing and engineering sites worldwide. At the heart of the development of Smart Grid, Alstom Grid offers products, services and integrated energy management solutions across the full energy value chain--from power generation, through transmission and distribution grids and to the large end user.




Press Contacts
Philippe Kasse, Stéphane Farhi (Alstom Group)
Tel [phone]
[e-mail]
[e-mail]
or
Emmanuelle Helleux (Alstom Grid)
Tel : [phone]
[e-mail]
or
Gabrielle Ambraisse (Alstom Grid Australia)
Tel : [phone]
[e-mail]
or
Investor Relations
Emmanuelle Châtelain, Juliette Langlais
Tel + 33 1 41 49 37 38/ 21 36
[e-mail]
or
Website
www.alstom.com

[ariane] 20/6/2011 18:39

Alstom : support à 40.

Imprimer..Sociétés :ALSTOM.Cours associés
Symbole Cours Variation
ALSO.TI 41,32 -0,32


{"s" : "ALSO.TI","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Le lundi 20 juin 2011, à 18h 52
Sur les 5 derniers jours, le titre a peu évolué, gagnant 0.41%. Depuis le début de l'année, il est en hausse de 17.2%.

Du point de vue de l'analyse technique : le RSI est supérieur à sa zone de neutralité des 50. Le MACD est supérieur à sa ligne de signal et négatif. Le MACD doit dépasser la ligne du zéro pour valider une poursuite de la hausse. Enfin, le titre est inférieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en hausse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 43.9 puis 44.9. Tandis que les prochains supports sont sur : 40.6 puis 40.

Notre préférence : Achat court terme sur Alstom (TLO: ALSO.TI - actualité) (ALO).

Le point d'invalidation de notre scénario est situé sur : 40.
Cours de référence : 42.
Copyright © CHARTS

[grupo guitarlumber] 13/6/2011 19:38

Alstom : support à 39.8.

Imprimer..Sociétés :ALSTOMRubriques :Bourse.Cours associés
Symbole Cours Variation
ALSO.TI 42,85 -0,27


{"s" : "ALSO.TI","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Le lundi 13 juin 2011, à 18h 30
Sur les 5 derniers jours, le titre a peu évolué, gagnant 1.2%. Depuis le début de l'année, il est en hausse de 16.73%.

Du point de vue de l'analyse technique : le RSI est inférieur à sa zone de neutralité des 50. Le MACD est supérieur à sa ligne de signal et négatif. La configuration est mitigée à court terme. Enfin, le titre est inférieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en baisse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 44.1 puis 45.1. Tandis que les prochains supports sont sur : 40.4 puis 39.8.

Notre préférence : Un rebond court terme sur Alstom (TLO: ALSO.TI - actualité) (ALO) est possible.

Le point d'invalidation de notre scénario est situé sur : 39.8.
Cours de référence : 41.8.
Copyright © CHARTS

[waldron] 30/5/2011 13:07

Alstom Signs EUR665 Million Train Contract In Poland
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Alstom (EU:ALO)
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Today : Monday 30 May 2011
French electrical equipment and train manufacturer Alstom SA (ALO.FR) Monday said it has signed a contract worth EUR665 million to deliver and maintain 20 high-speed trains for Polish railway operator PKP Intercity.

The contract will run for 17 years and includes the construction of a maintenance workshop.

The first train, designed to travel at a maximum speed of 250 kilometers an hour, is to be delivered in 2014.

The trains will be manufactured at Alstom's factory in Savigliano, Italy.

-By Inti Landauro, Dow Jones Newswires; [phone]; [e-mail]

[grupo guitarlumber] 05/5/2011 10:19

Le jeudi 5 mai 2011, à 10h 35
(CercleFinance.com) - Crédit Suisse réitère son opinion 'neutre' sur Alstom (TLO: ALSO.TI - actualité) et relève l'objectif de cours à 44 euros, contre 40,50 euros précédemment,

[ariane] 27/4/2011 11:50

Le mercredi 27 avril 2011, à 12h 19
(CercleFinance.com) - Oddo rehausse son objectif de cours sur Alstom (TLO: ALSO.TI - actualité) de 52 à 55 euros et réitère sa recommandation 'achat', estimant que le rebond des commandes du groupe industriel va se poursuivre

[grupo guitarlumber] 31/3/2011 14:01

Alstom: Adds Another $75 Million To BrightSource Investment
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Today : Thursday 31 March 2011
French power engineering and train company Alstom SA (ALO.FR) Thursday said it is investing an extra $75 million in California-based BrightSource Energy Inc., strengthening its partnership with the solar power company following an initial $55 million investment in May last year.

MAIN FACTS:

- The agreement makes Alstom BrightSource's second largest shareholder, the French company said.

- "Alstom's expertise in steam turbine technology, together with its integrated plant solutions, will complement BrightSource's solar technology to offer highly efficient solar thermal power plants," it said.

- By Paris Bureau, Dow Jones Newswires; [phone]; [e-mail]

[grupo guitarlumber] 31/3/2011 09:02

Alstom Signs EUR270 Million Contract With Gas Natural In Spain
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Today : Thursday 31 March 2011
French power engineering and train company Alstom SA (ALO.FR) Thursday said it has signed a contract worth over EUR270 million with Spain's Gas Natural (GAS.MC).

MAIN FACTS:

- The contract is for 20 years and is for the maintenance and operational support of the Cartagena gas-fired combined cycle power plant in Spain, Alstom said.

- By Paris Bureau, Dow Jones Newswires; [phone]; [e-mail]

[grupo guitarlumber] 31/3/2011 08:58

By Jeff St. John at Earth2Tech

Wed Mar 30, 2011 5:31pm EDT

March was already a huge month for smart grid acquisitions, then last week, Schneider Electric announced it would spend $268 million purchasing Summit Energy. It was one of the bigger M&As in the smart grid sector, and also it was a little different. Where most smart grid buys have focused on technology, Schneider's deal was a wholesale dive into the new market of buying and selling energy itself.

That's because Summit already manages $20 billion in annual power purchases for some 650 corporate clients, making it a power broker in its own right. If Schneider succeeds in integrating that market power with its grid and building power control technologies, it could add a whole new level of complexity - and potential - to the concept of the smart grid.

Jeff Drees, president of Schneider's U.S. business, explained the reasoning to me in a Wednesday interview. The idea, he said, is to integrate Schneider's existing strengths in building energy efficiency with Summit's ability to cut the best power deals with customers.

"There's a race to be the true smart grid provider," he said. "We know how to build substations, automate the grid, automate the building, and now we know how to help customers make buying decisions when they go procure." That, in turn, can yield benefits that weren't possible before, he said.

For example, retrofit customers could invest in equipment that allows shedding power load for demand response, then market that load-shedding ability via Summit's services to demand cheaper power supply agreements.

That's a pretty complicated task, but Summit should be up to it, Drees said. "They know every state, deregulated and regulated... they know how to look at real-time pricing for power and gas... and they bring the best real-time agreements to their customers," he said.

Drees expects the combination of Summit's and Schneider's expertise could cut in half the time it takes to return the cost of efficiency investments, from 3 to 4 years today, to less than half that over time. Schneider isn't targeting that kind of improvement right away, however, it will take three to four years of integration and growth to get there, he estimated.

In the meantime, Schneider will face a lot of competition, both on building-side power systems and automation from the likes of Honeywell, Johnson Controls and Siemens, and on the utility side of the smart grid via its acquisition of Areva's distribution business, where it faces contemporaries like Siemens, Alstom, General Electric and ABB.

All these players are busy acquiring their own pieces of the smart grid puzzle as well. This month saw two innovative players in the demand response software space get bought up: EnergyConnect by Johnson Controls and UISOL by Alstom. On the smart buildings side, IBM bought real estate energy and sustainability software provider Tririga.

Since the start of the year, we've also seen ABB acquire Obvient Strategies, which makes smart grid business intelligence software, and U.S. demand response leader EnerNOC snap up M2M Communications, which makes technology for the agricultural and water demand response markets. Schneider hasn't been left out of the technology race; in December, it bought French software startups Vizelia and D5X.

Another interesting competitor to Schneider's plans for Summit might come from Constellation Energy, the big energy company that bought demand response provider CPower last year. Earlier this year, Constellation launched its VirtuWatt platform for giving its own customers an interface between their own demand response systems - the technology that turns power use off and on to shave peak grid loads - and the markets that determine how much customers get paid for that service.

In the future, however, Constellation says it hopes to use VirtuWatt to help its customers better plan power purchases from Constellation itself. That ability could expand the concept of load-shedding from something you do to earn a payment from a demand response program to something you do to play energy markets on an hour-to-hour basis.

Image courtesy of Tulane Publications via Creative Commons license

[grupo guitarlumber] 30/3/2011 13:54

Alstom May Expand Power Division in Asia as Orders Rebound
By Francois de Beaupuy - Mar 30, 2011 12:54 PM GMT+0200 Tweet inShare.0More
Business ExchangeBuzz up!DiggPrint Email .Alstom SA (ALO) may add capacity to its power equipment and services business in faster-growing markets such as Asia to exploit a rebound in orders, according to the division's head.

"We're starting to see an investment comeback in the past two quarters, and we think we will confirm that," Philippe Joubert said in an interview at Alstom's headquarters in Levallois-Perret near Paris yesterday. He was referring to a "12-month moving average" of quarterly orders, and declined to be more specific on the January-to-March period.

Alstom, the third-largest power-equipment maker, aims to strengthen its offerings in Asia, particularly in wind power. "Sixty percent of the market for new power plants, all technologies included, will be in Asia over the next 10 years," Joubert said.

Alstom, which has ventures in China making power equipment for dams, coal-fired and nuclear plants in the country, is building a steam-turbine facility in India with Bharat Forge Ltd. as demand for power equipment shifts from mature markets to Asia and South America. Meanwhile, it's cutting about 4,000 jobs at sites that make coal- and gas-fired power equipment as utilities in Europe and the U.S. delay spending.

Orders Increase
In the quarter ended in December, orders for power equipment and services rose 6.9 percent to 2.84 billion euros ($4 billion), the highest level in six quarters, helped by contracts for gas-fired plants in Singapore and India, as well as renovation and maintenance contracts for French nuclear plants.

"When markets are tighter, margins are less comfortable than when plant purchases were booming two or three years ago," Joubert said. "Our Asian footprint is becoming Alstom's largest, and Alstom's global footprint allows us to take these markets in a very competitive way. Prices are falling, which doesn't mean that margins are falling across our portfolio."

This quarter, Alstom Power won a contract worth about 300 million euros to build a gas-fired plant in Singapore, another worth about 500 million euros to provide power equipment for a dam in Brazil, a 170 million euro-order to provide steam power equipment in Kuwait, and a 540 million euro contract for a plant powered by oil shale in Estonia. It also won an extension of a maintenance contract worth just under 300 million euros in Taiwan, and several retrofit orders in nations such as Poland.

Competitive Pressures
"Whilst Alstom's order cycle has turned and the mix is improving, with more orders in gas and hydro, we still think that low demand in coal in the U.S. and Europe, and competitive pressures from the Chinese will put pressure on earnings," said Daniel Cunliffe, a London-based analyst at RBS, in a March 22 research note.

Alstom shares rose 0.4 percent to 42.27 euros at 12:52 p.m. in Paris trading, taking this year's gain to 18 percent. The shares of bigger rivals General Electric Co. and Siemens AG have risen 8.6 percent and 4.1 percent, respectively.

Alstom is looking for opportunities to build a plant, buy a windmill maker or form a partnership to better serve onshore wind markets in areas such as southeast Asia, Australia and Japan, Joubert said.

Brazil Gas

In Brazil, Alstom may want to make parts for combined-cycle gas-fired plants as the country taps gas reserves recently discovered off its coasts.

"Brazil will probably invest in gas," Joubert said. "We'll look at our two-to-four year strategy, and gas will be part of it."

The French company already has a production facility in Brazil that makes turbines for dams and it's building a windmill plant in the country.

Alstom is also talking with Russian partners about building local facilities that will make and upgrade power equipment for dams, fossil fuels and nuclear plants.

"Nuclear isn't dead but there will be a pause to check the safety of plants," following the accident at Japan's Dai-Ichi nuclear plant, Joubert said. China's nuclear plant construction program will continue, and India has no plan to slow its progress, he said. Elsewhere, projects may be "more or less slowed," though services to the "substantial" installed base will remain.

European governments and lawmakers should adapt environmental laws to help Alstom build more pilot projects for its carbon capture and storage technology, Joubert said. Otherwise, Alstom will install its technologies in Asia, "which will end up happening" as Europe dithers, he said.

"Long term, I confirm that the market for new plant installs will continue to grow by 3 percent to 4 percent per year, that the market is in Asia, and that about 45 percent of the technologies used will be CO2-free, and that fossil fuels will remain very important," he said. "The CO2 problem will have to be tackled because we will still need fossil fuels for several dozen years."

To contact the reporter on this story: Francois de Beaupuy in Paris at [e-mail].

To contact the editor responsible for this story: Benedikt Kammel at [e-mail].
.

[grupo guitarlumber] 28/3/2011 18:29

Cours associés
Symbole Cours Variation
ALO.PA 42,22 -0,03

ALSO.TI 41,55 +4,38

IXSTP.NX 0.0 0,00


Suivre ces actions
{"s" : "ALO.PA,ALSO.TI,IXSTP.NX","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Le lundi 28 mars 2011, à 16h 27
(CercleFinance.com) - AlphaValue affiche aujourd'hui une opinion ' accumuler ' sur le titre Alstom (TLO: ALSO.TI - actualité) , assortie d'un objectif de cours de 49,9 euros

[ariane] 22/3/2011 14:45

Alstom: To Cut 1,380 Transport Jobs In Europe
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Today : Tuesday 22 March 2011
French power engineering and train company Alstom SA (ALO.FR) plans to eliminate 1,380 jobs in Germany, Italy and Spain, in response to weaker market conditions for its transport business, the company said Tuesday.

Alstom's management presented the plan Tuesday to the company's board, it said in a filing with France's market regulator.

As well as responding to a weaker transport market, the plan seeks to safeguard competitiveness, Alstom said.

-Adam Mitchell, Dow Jones Newswires, [phone]; [e-mail]

[ariane] 21/3/2011 17:03

Le lundi 21 mars 2011, à 17h 21
(CercleFinance.com) - Le titre Alstom (TLO: ALSO.TI - actualité) s'envole de plus de 3% à la Bourse de Paris à 41,45 E. Nomura réitère son opinion 'acheter' sur le titre et relève l'objectif de cours à 47 euros, contre 45 euros précédemment.

[waldron] 10/3/2011 12:30

France Shifts Stance to Allow German Trains Into Channel Tunnel
By Laurence Frost - Mar 9, 2011 10:46 AM GMT+0100 Tweet inShare.1More
Business ExchangeBuzz up!DiggPrint Email . Deutsche Bahn aims to introduce trains to Amsterdam, Cologne and Frankfurt from London starting in 2013. Photographer: Chris Ratcliffe/Bloomberg
The French government said it won't bar Siemens AG (SIE) trains from the Channel Tunnel if Europe's rail- safety agency backs their introduction, a shift that should clear the way for Deutsche Bahn AG to begin services to London.

France will respect the European Railway Agency's advice on operations planned by the German state railway using a variant of Siemens's InterCityExpress train, said a government official who declined to be identified, citing official policy.

The ICE has motors in each car, a system outlawed under current rules because of a perceived fire risk. Former Transport Minister Dominique Bussereau, replaced by Thierry Mariani late in 2010, had said an order for the trains from incumbent tunnel operator Eurostar Group Ltd. should be dropped for that reason.

While a Franco-British Intergovernmental Commission has the final say on any rule change, it's likely to follow the European agency's recommendations, the French official said. Deutsche Bahn and Groupe Eurotunnel SA (GET), which operates the 30-mile (48- kilometer) subsea link, carried out tests and evacuation drills in October to support an application for safety approval.

Eurotunnel is counting on new entrants to lift traffic and revenue through the tunnel by adding routes to the current Eurostar services linking London with Paris and Brussels.

Amsterdam, Frankfurt
Deutsche Bahn aims to introduce trains to Amsterdam, Cologne and Frankfurt from London starting in 2013. Eurostar plans to add the same cities a year later, it said in October after announcing a 700 million-pound ($1.1 billion) fleet upgrade that included a 10-train Siemens order.

"That order still stands and the contracts have been signed," Eurostar spokesman Leigh Calder said yesterday by telephone, welcoming the French government's revised stance. "It's good news that they will respect and abide by the European agency's recommendations."

Eurostar, controlled by French state rail operator SNCF, chose the ICE in preference to proposals from Paris-based Alstom SA (ALO), which had also used so-called distributed traction rather than the current system of a locomotive at either end.

To contact the reporter on this story: Laurence Frost in Paris at [e-mail]

To contact the editor responsible for this story: Chad Thomas at [e-mail]
.

[waldron] 03/3/2011 10:30

ALSTOM : Case against the Wall Street Journal: Alstom Satisfied with Court's Decision
03/03/2011 | 04:40 am
Regulatory News:

In 2008, the Wall Street Journal published a series of articles alleging that Alstom (Paris:ALO) had put in place a vast system designed to corrupt civil servants. In September 2008, considering that this allegation, not supported by the slightest proof, greatly harmed its image and commercial relationships, Alstom lodged a complaint for libel against the author of the articles.

In its ruling on 1 March, 2011, the Nanterre Criminal Court, in France, confirmed the ?libellous nature? of this allegation and emphasised that ?none of the many pieces of information (presented by the author for his defence) proves the existence of a system of corruption? within Alstom. However, considering that he acted ?in good faith?, the Court discharged the author.

Alstom has always maintained that the Wall Street Journal articles were based merely on unfounded speculation and has constantly reaffirmed its commitment to the strict respect of the stringent ethics rules the company has implemented. Alstom will not appeal as it considers that the Court has established that the company was right on the substance of the case.

ALSTOM - 3 avenue André Malraux - 92309 Levallois Perret Cedex


Alstom
Press contact
Philippe Kasse, Stéphane Farhi - Tél [phone]
[e-mail], [e-mail]
or
Investor relations
Emmanuelle Châtelain, Juliette Langlais - Tél : + 33 1 41 49 37 38 / 21 36
[e-mail] , [e-mail]
Website www.alstom.com

[waldron] 02/3/2011 20:47

ALSTOM : Signs Agreement to Develop Skolkovo Technology City in Russia
03/02/2011 | 12:20 pm
Regulatory News:

Patrick Kron, CEO of Alstom (Paris:ALO), and Victor Vekselberg, President of the Skolkovo Foundation, met in Paris on 2 March 2011 to sign a partnership agreement concerning the development of the Skolkovo technology city, often labelled Russia's "Silicon Valley".

In early 2010, the Russian government unveiled plans to build a state-of-the-art science and technology city in Skolkovo, to the west of Moscow. The city will focus on promoting new technology such as energy efficiency, nuclear power, space and telecommunications, medical and pharmaceutical equipment, and information technology.

The agreement signed by Alstom covers multi-faceted cooperation. Alstom is ready to participate in building key infrastructure for the new "city", including urban transport, power generation, and electricity management services. The company would also bring its R&D expertise to activities set up in Skolkovo, spanning areas such as railway signalling and information systems, energy efficiency for power plants, and smart grids.

All aspects of the partnership would involve close ties with Alstom's industrial partners in Russia, including rail equipment maker TMH, hydro-generating company Rushydro, power utility InterRAO and national grid operator FSK UES. Partnerships with Russian universities are also pending.



Press Contact
Philippe Kasse, Stéphane Farhi (Corporate)
Tél [phone]
[e-mail]
[e-mail]
or
Investor relations
Emmanuelle Châtelain, Juliette Langlais
Tél : + 33 1 41 49 37 38 / 21 36
[e-mail]
[e-mail]
Website www.alstom.com

[waldron] 02/3/2011 13:36

Siemens Eyes Saudi Arabia for Power Generation Projects, Growth
By Tamara Walid - Mar 2, 2011 12:16 PM GMT+0100 Tweet inShare.0More
Business ExchangeBuzz up!DiggPrint Email .Siemens AG, which last week won orders exceeding $1 billion in Saudi Arabia, is eyeing the kingdom for power-generation projects as population growth spurs electricity demand, an executive said.

"Saudi Arabia for power generation is the biggest market and they have quite tremendous growth," said Dietmar Siersdorfer, chief executive officer of Siemens Energy Middle East, in an interview.

The nation's power needs will triple from a current 40 gigawatts over the next 15 to 20 years, Siersdorfer said.

Siemens, like ABB Ltd. and Alstom SA, is pursuing growth in emerging markets as governments add infrastructure. Orders from developing nations surged 31 percent in Siemens's fiscal first quarter. Among contracts, the Munich, Germany-based company is supplying parts for a combined-cycle power plant in Saudi Arabia, the world's biggest oil exporter.

Saudi Arabia's Ras Az Zawr industrial complex, scheduled to start commercial operations in early 2014, will have 12 of Siemens's gas turbines, 10 heat-recovery steam generators and five steam turbines.

The company also plans to invest "millions of dollars" in a manufacturing plant that will produce gas turbines in the kingdom, the first project of its kind in the region, said Siersdorfer. The capacity will be additional output rather than a replacement of production elsewhere, he said.

"We will create an industry in Saudi Arabia around this heavy-duty manufacturing equipment," said Siersdorfer, adding the company aimed to create a total of 4,000 jobs with the project, which is scheduled to be operational in about 18 months. While catering to the local market in the beginning, the plant could export to other countries.

Siemens is also discussing the possibility of building gasification plants in the kingdom that would use crude or waste from refineries, said Siersdorfer.

To contact the reporter on this story: Tamara Walid in Abu Dhabi at [e-mail]

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