Hydroelectric power strong for Alstom in FY 2013-14

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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.

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