Alstom Projects wins an 8 Million Euro overseas Hydro Contract

Alstom Projects India Ltd has announced that the Company has bagged a prestigious Eight Million Euro (about Rs 440 million) contract for the Supply and erection of hydro-mechanical equipment for Nam Ngum 2 Hydropower project in Lao, People’s Democratic Republic (PDR), in South East Asia.

The contract was signed in Vientiane, capital of Lao (PDR) with Ch. Kamchang (Lao) Company Ltd, an EPC Contractor and subsidiary of Ch. Kamchang Public Company Ltd, one of the biggest construction Companies in Thailand, which has awarded the contract to the Company. The Company has to complete the project in 43 months time.

This is the second export order won by the Company for hydro mechanical equipment, the first being Gurara project in Nigeria. In both cases, the Company is fully responsible from design upto site completion. The contract is a strong testimony to the Company´s technological capabilities to undertake major hydro-electric projects outside of India.

The Company is the world leader in Hydropower Equipment & Services and the Company´s Vadodara unit serves as one of its full capability major global hubs for hydro business.

The Nam Ngum project, funded by a number of commercial banks led by Krung Thai Bank of Thailand, is located on Nam Ngum River in the south-east part of Lao PDR. The end customer for the project is South East Asia Energy Ltd. Elektrowatt-Ekono is the Independent Engineer for the project.

Source : Equity Bulls

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