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Alstom

Alstom

Industry: 
Transportation Infrastructure, Energy
Value of USG Contracts: 
226
Symbol: 
EPA:ALO
States: 
DC
Country: 
France
Contact Information: 
Sources: 

“Iran [welcomes] the most senior French trade delegation in years on Monday, telling more than 100 executives that the farsighted among them stood to win the race for business following an easing of some economic sanctions…’A new chapter has begun in relations between Iran and Europe,’ Mohammad Nahavandian, President Hassan Rouhani's chief of staff, was quoted as saying by the official IRNA news agency. ‘You should carry the message back that potential for cooperation with Iran is real and not to be overlooked,’ he told the delegation. ‘Those with longer foresight stand to win this race.’ The delegation of more than 100 executives from Medef, the French employers' association, on a Feb 2-5 trip, met Nahavandian and members of Iran's Chamber of Commerce, Industries, Mines and Agriculture, IRNA said. A source close to the delegation told Reuters it was the most senior group of entrepreneurs and financiers to visit Iran since the 1979 revolution, representing the defence, aviation, petrochemicals, automotive, shipping and cosmetics sectors. Among companies represented were Safran, Airbus , Total, GDF-Suez, Renault, Alcatel, Alstom, Amundi and L'Oréal, the source said. ‘Many of these firms have worked in Iran before and their goal now is to restore links,’ the source said. ‘The very makeup of the delegation shows these people are here to evaluate potential for cooperation.’ A French embassy source in Tehran said the visit was merely exploratory and ‘nothing is to be signed this time around.’” (Reuters, “Iran welcomes French business chiefs after sanctions eased,” 2/3/14)

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"Executives from some of France's biggest companies, including energy giants GDF Suez SA and Alstom SA, are slated to fly to Tehran next month—signaling a fresh wave of corporate interest in Iran as the West eases sanctions. Details of the high-level business trip are emerging after Iran and Western powers completed the terms of an interim nuclear deal on Sunday, with Tehran agreeing to closer international monitoring of its nuclear program in exchange for limited, temporary sanctions relief. The deal specifically eases restrictions related to Iran's aviation, auto and petrochemicals industries……François Carpentier, Alstom's vice president for the Middle East, will take part in the delegation, a spokeswoman for the power and train company said, ‘to test the environment in the country.The embargo is still on, and we respect it,’ she said. ‘If it is eased, we will see.’ Alstom has continued to deliver spare parts to Iran related to a train contract signed 15 years ago, she said, while still abiding by laws and sanctions in place at the time. Alstom has previously said it hasn't discussed any new business with officials in Iran in recent years.” (Wall Street Journal, "French Companies Explore Return to Iran Amid Sanctions Thaw," 1/13/14)

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"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)

 

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