Alstom won an approximately US$360 million order to construct a new power plant for Tuas Power in Singapore. TPG, owned by NYSE-listed Huaneng Power International and one of Singapore’s largest power generation companies, already operates four existing combined cycle power plants and two oil fired steam power plants.
The order includes an Engineering, Procurement and Construction contract for the construction of a new 400 MW gas-fired combined cycle power plant CCP5, as well as a six-year maintenance contract.
Under the terms and conditions of the EPC contract, Alstom will provide the entire power plant and all associated equipment, including a GT26 gas turbine, steam turbine and heat recovery steam generator. Alstom’s combined cycle technology, based on its GT26 gas turbine, is among the most efficient and reliable technologies currently available.
The completion of CCP5 in 2014 will enable TPG to improve the overall electricity generating efficiency of its plant portfolio.
“This is Alstom’s first contract with TPG, which represents a major breakthrough and is proof of our competitiveness,” said Philippe Joubert, President of Alstom Power. “By selecting us as their partner, TPG has given a strong indication of their confidence in the quality and reliability of Alstom’s products.”
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