Alstom Wins Power Line Contracts in India, Korea, Canada
Paris: French electrical engineering group Alstom has won contracts with a total value of 800 million euros to build high-voltage direct current power transmission lines in India, South Korea and Canada, the firm said.
Half of this amount was booked in the first quarter of fiscal year 2014-15 and the other half will be booked in the second quarter, the company said in a statement.
In India, Alstom won the second phase of an 800 kiloVolt (kV) Ultra-High Voltage Direct Current (UHVDC) line contract from Power Grid Corporation of India Limited (PGCIL), after winning a first order in 2012.
With the two contracts, Alstom lines will be able to transfer up to 6000 megawatts (MW) of power - roughly equivalent to the output of six nuclear plants - from the centre of the country to the north. Alstom has supplied HVDC links to India since 1996.
In South Korea, Alstom won a contract for a 500 kV, 1500 MW HVDC line in a region south of Seoul, through its joint venture KEPCO-Alstom Power Electronics Systems (KAPES). In Canada Alstom will build a 1,100 km long 350 kV line to transmit hydropower from the 824 MW Muskrat Falls dam to the island of Newfoundland.
Alstom said its Alstom Grid unit is one of the top three providers of HVDC technologies worldwide, and has delivered more than 35,000 MW of connection capacity around the world, including the world's longest HVDC transmission system in Brazil at 2,375 km (3,150 MW, 600 kV).
Alstom also built a 660 kV HVDC system in China, and the 2,000 MW submarine interconnection between France and Britain.
Alstom said its HVDC lines transmit 30 per cent more power than the conventional alternating current lines.
The French firm competes with Swiss engineering group ABB, Germany's Siemens and several Chinese manufacturers.
The head of Alstom Grids said in July that power network operators around the world are likely to spend about 50 billion euros by 2020 on new equipment to transport power over long distances.
Copyright @ Thomson Reuters 2014
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
