French power equipment and train manufacturer Alstom SA (ALO.FR) Monday said it signed a contract to supply hydropower equipments worth 250 million euros ($325 million) to the Grand Renaissance dam in Ethiopia.
MAIN FACTS:
- Alstom signed a contract with Metals & Engineering Corporation (METEC) to supply turbines and generators for the hydro power plant of the Grand Renaissance dam, located on the Blue Nile in Ethiopia. The power plant will be operated by EEPCO.
- Alstom will supply and supervise the installation of all electromechanical equipment for the plant, including eight 375-MegaWatt turbines and eight generators for the first phase. The contract also includes engineering and power plant commissioning.
- When completed, the Grand Renaissance power plant, with a total output of 6,000 MW, will be the largest hydro project in Africa and a priority for the Ethiopian government.
-Write to Inti Landauro at inti.landauro@dowjones.com
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