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ALSTOM reaches major milestones in delivery of HRSGs for Panda Energy


MILAN, Italy, June 14, 2002 — ALSTOM has completed delivery of six Heat Recovery Steam Generators (HRSG) to Panda Energy International, Inc. (Panda) and four HRSGs to Tampa Electric Company (TECO), it was announced at POWER-GEN Europe.

The six Panda HRSGs are part of a multi-unit supply agreement signed during 2000. Four have been delivered to the Union Power Facility, in Eldorado, Arkansas, and two have been delivered to the Gila River Facility, in Gila Bend, Arizona. Both projects are being built as a joint venture between Panda Energy and TEC Power Services, a subsidiary of TECO Energy, based in Tampa, Florida (NYSE:TE).

Each project will eventually have 8 ALSTOM HRSGs operating in a combined cycle configuration that will generate 2,300 megawatts.

The four TECO HRSGs are part of a seven unit order awarded during 2000. These are being supplied in “C-Frame Modules,” a design that allows the twelve modules that comprise each HRSG to be erected within five working days of being received.

All deliveries to date have been completed ahead of schedule.

Both the TECO and Panda HRSGs are using a “reference plant” design that is lowering costs and speeding delivery while allowing for necessary site-specific design changes. ALSTOM is providing its OCCTM HRSG design, which utilises fewer pressure-part modules and benefits from unique piping arrangements that result in lower field erection

ALSTOM is the global specialist in energy and transport infrastructure. The company serves the energy market through its activities in the fields of power generation and power transmission and distribution, and the transport market through its activities in rail and marine. In fiscal year 2001/02, ALSTOM had annual sales in excess of ?23 billion and employed approximately118,000 people in over 70 countries.

ALSTOM is listed on the Paris, London and New York stock exchanges.

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