Hydroelectric power strong for Alstom in FY 2013-14

Alstom Logo

Amidst uncertainty about the company's future, Fiscal Year 2013/14 results announced earlier this week by global conglomerate Alstom reveal a strong performance by in the hydroelectric power market.

The report, available for viewing here, shows Alstom Renewable Power saw a 40% increase in orders to March 2014, up about US$3.6 billion from $2.75 billion in 2012-13.

The renewables division, which also includes Alstom's geothermal, solar and wind sectors, provides engineering, procurement and construction services, control and automation equipment, turbines and generators, and maintenance.

Still, Alstom said the division was "fueled by hydro projects" from around the globe, with highlights including orders for the 300-MW Gilboa pumped-storage plant in Israel and 240-MW Devoll project in Albania.

Alstom (LSE: ALO) also had a strong year in Turkey, where it was awarded contracts for work on the 636-MW Kalekoy 1, 292-MW Alpaslan 2 and 72-MW Tepekisla 3 projects, while the company's Indian unit won a bid to outfit the 840-MW Ratle plant. Alstom's Canadian branch will also outfit one of four powerhouses at the 1,550-MW La Romaine facility.

Companywide, Alstom's report shows a 10% drop in orders in Fiscal Year 2013-14.

As HydroWorld.com reported in April, Alstom is currently fielding offers from a number of suitors interested in taking over portions of its power business, including General Electric, Siemens and Areva.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs