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Alstom: White Rose Selected for Carbon Capture and Storage Funding

  Alstom: White Rose Selected for Carbon Capture and Storage Funding

Business Wire

LEVALLOIS-PERRET, France -- March 20, 2013

Regulatory News:

Alstom (Paris:ALO):

Capture Power Limited ("Capture Power") today welcomed the UK Government's
announcement that it has selected the White Rose CCS Project for funding under
the UK CCS Commercialisation Programme (“the Programme”). Funding is to be
awarded for Front End Engineering and Design (“FEED”) work, which is the next
step in the development process.

This latest stage in the Programme comes after a period of detailed commercial
discussions with the Government following the shortlisting of four projects
from the initial list of eight. The White Rose CCS Project was scrutinised
against criteria including project deliverability, value for money and the
UK’s timetable to deliver a cost-competitive CCS industry in the 2020s.
Capture Power will now continue to work with DECC with a view to concluding a
Project Contract for the construction and operation of the full chain CCS
project within the next 18 months.

Commenting on the announcement, a Capture Power spokesperson said: "We are
delighted that our project has been successful in attracting funding. We
believe White Rose has great potential to demonstrate oxyfuel CCS technology
for other projects in the UK and overseas. It also highlights the strategic
strength of the Yorkshire and Humber region as a hub for CCS driving the
formation of a cluster for CO[2] transportation and storage.”

Located on land adjacent to the existing Drax Power Station, near Selby in
North Yorkshire, the 426MW (gross) power plant will burn coal with the added
ability to co-fire sustainable biomass and meet the equivalent power needs of
over 630,000 homes. Fully equipped with CCS technology from the outset, 90% of
all the CO[2] produced by the plant will be captured and transported by
pipeline for permanent storage deep beneath the North Sea seabed.

Capture Power is a consortium set up by Alstom, Drax and BOC to develop the
White Rose CCS Project, in close co-operation with National Grid, who will
provide the transportation and storage infrastructure for the project.

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, 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 92,000 people in around 100 countries. It had sales of €20
billion and booked close to €22 billion in orders in 2011/12.

Notes to editors

1. Details of the White Rose CCS Project can be found at a new website:
www.whiteroseccs.co.uk

2. Alstom, Drax and BOC are the project co-developers of the power generation
and CO2 capture facilities. The three partners have formed a company called
Capture Power Limited that will be responsible for the development,
implementation and operation of the new plant. As a part of this cooperation,
Alstom will have responsibility for construction and Drax for operation and
maintenance of the power plant including the CO[2] capture facilities. BOC
will have responsibility for construction, and operation and maintenance of
the air separation unit that provides oxygen for the operation of the oxyfuel
capture plant.

3. National Grid will construct and operate the CO[2] transport pipelines and,
with partners, the permanent CO[2]undersea storage facilities in the North
Sea. National Grid hopes this project will act as a trunk-line to a regional
CCS network, capturing the carbon dioxide produced by a cluster of power
stations and other energy intensive industries across the Yorkshire and Humber
region.

4. At a national level the White Rose CCS Project will contribute to a range
of potential benefits:

  *Demonstrating oxyfuel CCS technology as a flexible, cost effective and
    viable low-carbon technology.
  *Reducing CO[2] emissions in order to meet future environmental legislation
    and combat climate change.
  *Improving the UK’s security of electricity supply by providing a new,
    flexible and reliable coal-based, low-carbon electricity generation
    option.
  *Generating enough low-carbon electricity to supply the energy needs of the
    equivalent of over 630,000 households.
  *Acting as an anchor project for the development of a CO[2] transportation
    and storage network in the UK’s most energy intensive region thereby
    facilitating decarbonisation and attracting new investment.

5. Local benefits of the proposal include:

  *An expected average of 1,250 new construction jobs over the three-year
    plant development period at the Drax site.
  *At least 60 operational jobs at the new plant as well as additional
    indirect supply and maintenance posts.
  *Increased turnover for local businesses during the construction and
    operational periods.

Contact:

Emmanuelle Châtelain, Isabelle Tourancheau (Alstom Corporate)
Tel +33 1 41 49 37 38 /39 95
emmanuelle.chatelain@chq.alstom.com, isabelle.tourancheau@chq.alstom.com
Jonathan Smith (Alstom UK)
Tel: +44 (0) 7801 775650
jonathan.smith@alstom.com
Melanie Wedgbury (Drax)
Tel: +44 (0)1757 612933
melanie.wedgbury@draxpower.com
Susan Tyzack (BOC)
Tel: +44 (0)1483 244224
susan.tyzack@boc.com
Stephanie van Rosse (National Grid)
Tel: +44 (0)1455 231131
stephanie.van-rosse@nationalgrid.com