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"Alstom Power Sweden" ready to again confirm its qualification to carry out TEC-1 reconstruction : building.lv - par būvniecību Latvijā

"Alstom Power Sweden" ready to again confirm its qualification to carry out TEC-1 reconstruction

The Swedish company "Alstom Power Sweden" is ready to again confirm its qualifications and compatibility to regulations set for a tender on reconstruction of the first thermoelectric station of the joint-stock power utility "Latvenergo", "Alstom Holding^apostrofs;s" representative for Baltic countries, Andrejs Livanovics, pointed out.

The Swedish company "Alstom Power Sweden" is ready to again confirm its qualifications and compatibility to regulations set for a tender on reconstruction of the first thermoelectric station of the joint-stock power utility "Latvenergo", "Alstom Holding's" representative for Baltic countries, Andrejs Livanovics, pointed out.

The press release states that mass media have released imprecisely interpreted information about financial operations at the company's holding company "Alstom S.A." therefore casting doubt on adequacy of "Alstom Power Sweden" to the winner of the tender.

Livanovics stressed that losses of the holding company would not affect operations and the financial stability of "Alstom Power Sweden". In last financial year, net profit at the company totaled LVL 3.5 million and turnover has been steadily increasing for past four years.

In order to provide more information, a press briefing is scheduled for "Konventa seta" Hotel at 12 noon today with the participation of Livanovics and "Alstom Holding" Latvia office financial director, Juris Lacis.

"Alstom Power Sweden AB" was selected as the major candidate on February 3 this year, among five foreign companies in the tender on TEC-1 reconstruction which was announced on June 26 2002.



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