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May 05, 2015 1:28 PM ET

Electrical Equipment

Company Overview of Alstom Grid SAS

Company Overview

Alstom Grid SAS designs, manufactures, and installs high and medium voltage products to transmit and distribute electricity from generation to the end user in Africa, the Middle East, the Asia-Pacific, the Americas, and Europe. The company also develops energy management solutions and offers equipment, systems, and integrated services for network management and high-voltage substation operations in power generation. Its products include circuit breakers and contactors, disconnectors, gas-insulated switchgear, fuses, prefabricated substations, air core reactors, line traps, instrument transformers, power and distribution transformers, bushings, surge arresters, protection relays, and measurem...

1, Place Jean Millier

Tour Areva

Paris La Défense

Paris,  92084

France

Founded in 1878

Phone:

33 1 34 96 30 00

Fax:

33 1 34 96 62 45

Key Executives for Alstom Grid SAS

Executive Vice President of Products Business Unit and Member of Executive Committee
Age: 57
Vice President of Gas-insulated Substation Product Line
Senior Vice President
Age: 63
Regional Vice President of Areva T&D China
Compensation as of Fiscal Year 2014.

Alstom Grid SAS Key Developments

Process To Privatize Heavy Electric Complex And Allied Bank Starts

The Privatization Commission Board (PCB) on December 9, 2014 decided to start afresh the process to privatize Heavy Electrical Complex (Pvt.) Ltd. (HEC) and also fixed a minimum selling price at INR 105 per share to offload 11.3% of government’s stakes in Allied Bank Limited (KASE:ABL). After the Board meeting, the cabinet committee on privatization also endorsed the floor price of INR 105 per share, giving 7.6% discount on the last trading session’s price. Headed by its Chairman, Mohammad Zubair, the Board decided to invite fresh bids for the strategic sale of HEC after the two bidders did not deposit the earnest money. “The availability of finances is more important than the minimum paid up capital requirement,” said Zubair. He said the conditions have been made more conducive for potential bidders, which will help in getting more response. Five companies pre-qualified for the HEC but three were screened out due to the conditions of relevant background and the minimum paid-up capital, said Zubair. These included ABB Ltd. (SWX:ABBN), Alstom Grid SAS (Areva T&D – SAS), Pak Elektron Ltd. (KASE:PAEL), Siemens (Pakistan) Engineering Co. Ltd. (KASE:SIEM) and Iljin Holdings Co.,Ltd (KOSE:A015860). The PCB also approved the floor price at INR 105 per share to off-load the remaining 11.23% government shares in the Allied Bank Limited (ABL).

Alstom Grid Wins EUR 47 Million Contract for Supply of Power Transmission Systems in Saudi Arabia

Saudi Electricity Company awarded a EUR 47 million (USD 58.9 million) turnkey contract to Alstom Grid for supply of power transmission systems in Saudi Arabia. The contract envisages supply of Flexible AC Transmission Systems that would help boost power transmission stability and quality in the country. Alstom will supply a Static VAr Compensator (SVC) to the Jeddah substation, located on the Red Sea coast in western Saudi Arabia, as well as two capacitor banks to the Wadi Jaleel substation in Mecca, located some 200 km (124 miles) from Jeddah. The project is scheduled to be completed in 2016.

Alstom Grid Closes EUR 14 Million Contract to Expand Power Substation of Chesf

Alstom Grid SAS has closed a EUR 14 million (USD 18.6 million) contract to expand a power substation of Chesf. Under the agreement, Alstom will improve the power transmission efficiency of Chesf's Taua II substation because of the installation of a 230-KV static VAR compensator. According to Gomes, the project will strengthen Alstom Grid's leadership as a supplier of Flexible AC Transmission Systems (FACTS) in Latin America. The equipment will be produced by Power Eletronics's units of Alstom in Brazil's Sao Paulo and Finland's Tampere. The expansion will be completed in May 2014.

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