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Alstom
Industry:
Transportation Infrastructure, Energy
Value of USG Contracts:
226
Symbol:
EPA:ALO
States:
DC
Country:
France
website:
Contact Information:
Sources:
"Alstom has supplied gas turbine equipment and services that helped Iran meet a growing demand for electrical power. The company currently lists an office in Iran on its Web site, though spokesman Patrick Bessy said the company has not made any sales in Iran for several years." The company received $226.3 million in benefits and revenue from the US government for their business investments in Iran between 2000-2009. Their activities in Iran are currently active. (The New York Times, "Profiting from Iran, and the US," 3/6/2010)
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Alstom's World Wide Directory on its website lists an office in Tehran, Iran.
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New York State Comptroller Thomas P. DiNapoli also announced Tuesday the $110 billion fund would freeze an additional $300 million in seven other companies...The decision comes after two years of reviewing these companies, the potential risk of the investments and, in some cases, humanitarian efforts in these countries. "We don't expect our investments to benefit regimes that support genocide and terrorism," said DiNapoli...The fund also plans to monitor and prohibit further investment in ENI (E), Repsol YPF (REP), Royal Dutch Shell PLC (RDSA), Total SA (TOT), ABB Ltd. (ABB), Alstom (ALO.FR) and Snam Rete Gas (SNMRY). Additionally, it plans to focus on other industries including telecommunications. (Wall Street Journal, "NY Comptroller To Divest $86.2M In State Pension Fund Investments," 6/30/09)
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In a 2002 press release, Alstom reported it was "awarded a contract to supply gas turbine equipment and services to provide 900 MW of electric power to the Bandar Abase region. The Hormozgan power plant will be located approximately 50 km north of Bandar Abbas.
The contract, worth around 200 million euros, was placed by MAPNA Investment Co., Iran and Napna International Co., a company recently formed in the UAE to act as financier of and investor on IPP projects. As part of the government’s privatisation policy, IPP projects have been stipulated in the 2nd Five-year Development Plan of Iran. MAPNA is a pioneer in this field, but already enjoys good business relationships with local and international companies who are acting as sub-contractors and suppliers in its contracts.
ALSTOM will supply six GT13E2 gas turbines, including the generators, and will supervise the erection and commissioning work. In addition, ALSTOM will provide spare parts for a five-year operation period. The first GT13E2 unit will be delivered in March 2003 and the last unit in October 2003." ("ALSTOM awarded major contract to supply GT13E2 gas turbine technology to Iran," 8/29/02)
Response:
No response at this time.

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