alstom (AOMFF) Key Developments
Alstom SA Signs Service Agreement with TVO for Olkiluoto Nuclear Plant in Finland
Jan 29 15
Alstom SA signed a service agreement with Teollisuuden Voima Oyj, or TVO for five-year maintenance of turbine island and process equipment on nuclear island at Olkiluoto nuclear power plant in Finland. The multi-year service agreement is an extension of earlier agreements successfully in place since 2000. Under this contract, Alstom will carry out year-by-year pre-defined service outage works on turbines, generators and their auxiliary systems and also process valves and control rods on nuclear island at Olkiluoto 1 and Olkiluoto 2, including engineering, consulting, project management and continuous on-site support. The work will be conducted by Alstom Finland in close collaboration with Alstom Sweden.
Alstom Receives EUR 65 Million Contracts from DMRC for Kochi Metro Line
Jan 28 15
Alstom has received two contracts worth over EUR 65 million from Delhi Metro Rail Corporation, or DMRC, to supply signalling, telecom and electrification solutions for the new Kochi metro line. The projects will be implemented in early 2016 and commercial service is scheduled to begin in March 2016. 25 Alstom Metropolis trains will circulate on the new Kochi metro line which is 25 km long and includes 22 stations. These trains will carry up to 15,000 passengers per hour and direction. Alstom is in charge of the design, manufacturing, supply, installation, testing and commissioning of Urbalis 400, its Communication-Based Train Control (CBTC) solution.
Thales Group and Alstom SAWin Contract from MTR Corporation Limited to Resignal Metro Lines in Hong Kong
Jan 27 15
Thales Group and Alstom SA have won a contract worth EUR 330 million from MTR Corporation Limited to resignal and upgrade the signaling systems of seven metro lines in Hong Kong. A maintenance option is also included in the contract. This extensive project will equip seven MTR lines with the latest Communications Based Train Control (CBTC) technology, safely adding capacity, reliability and maintainability on the existing infrastructure system. Thales and Alstom will be responsible for the replacement of the existing signalling system including Automatic Train Supervision (ATS), interlocking, and Automatic Train Control (ATC) in the control centre, trains and stations. Thales will provide the advanced SelTrac CBTC system.
Alstom Wins USD 112.04 Million Contract for Rail System
Jan 25 15
Egyptian National Railways announced that it has awarded Alstom a USD 112.04 million contract for the supplying of signaling equipment for the Beni Suef-Asyut line in Egypt, as well as its maintenance for five years. Under the contract, Alstom will provide Smartlock solution to the 240 kilometer-long Beni Suef-Asyut regional railway line, which is expected to be operational by January 2019, thus replacing the existing electromechanical one, as well as supplying trackside equipment, a power supply and a telecommunication system.
Alstom Reaffirms Earnings Guidance for the Full Year of Fiscal 2015
Jan 21 15
Alstom reaffirmed earnings guidance for the full year of fiscal 2015. The company confirmed, basically, guidance for the full year, with the high single-digit organic growth of the sale and an operating margin after corporate costs increasing -- exceeding 5%, and it also confirmed free cash flow guidance. It maintains also medium-term guidance, as indicated previously.