GEC and Kvaerner share in Chinese dam contract
Tuesday 19 August 1997
The dam, which will attempt to tame the Yangtse River, will be the largest in the world and will cost up to US$30bn (pounds 19bn) to build. But statements from the two companies yesterday left the precise status of the contracts in doubt.
A statement from Kvaerner in Oslo said its Kvaerner Design and Technology unit had been chosen to deliver the eight turbines. The core components for five of the turbines will be produced under the management of Kvaerner Energy in Norway and China. The three other turbines will be produced by GEC Alsthom based on a Kvaerner design, the company said. But a parallel announcement from GEC Alsthom in Paris said talks with China over its participation in the Three Gorges dam project had not been completed.
"We have high hopes that the contract will be finalised in coming weeks, but it has not been finalised yet," a GEC Alsthom spokesman said.
Industry sources suggested GEC Alsthom was not satisfied with the size of its part of the contract and hoped to negotiate better terms before the final signature. According to the sources, GEC Alsthom's share of the total pounds 500m order is around pounds 125m, less than that of the rival bidder Siemens, the German electronics giant.
Other consortia bidding for a share in the contract include Siemens and Voith of Germany and General Electric of the US, and Asea Brown Boveri the jointly owned Swiss and Swedish engineering group based in Zurich. Last week a Seimens spokesman in Peking was quoted by Agence France Presse as saying its consortium would supply six of the 14 turbines and generators required for the first phase of the project, while ABB would provide eight generators.
The Chinese Yangtse Three Gorges Project Development, the Chinese government body awarding contracts has so far refused to be drawn on the winning bids, although its has promised an announcement in the next few days.
The initial contract for turbines and generators is only a small part of the total cost of the project but is being keenly fought because of the toe-hold the winning suppliers will create in potentially the world's biggest market.
When finished in 2009 the project will have created a dam, capable of generating enough electricity to supply 10 per cent of China's electricity needs.
- 1 Michael Brown shooting: Amnesty International sends team within US for first time as National Guard deployed
- 2 James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – and warns Obama of more to come
- 3 Reading Festival 2014: Tesco branch replaces salad and potatoes for Jagermesiter and vodka
- 4 Here’s the damning letter Robin Williams wrote to his Mrs Doubtfire co-star's principal after they expelled her
- 5 Ferguson protests: 90-year-old Holocaust survivor Hedy Epstein ‘arrested’ by police during St Louis demonstrations
Michael Brown shooting: Amnesty International sends team within US for first time as National Guard deployed
Michael Brown shooting: Ferguson police shoot and kill second young black man
James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – and warns Obama of more to come
Iraq crisis: Islamic State's message to America - 'We will drown you all in blood'
Ferguson: In the heartlands of America, a descent into madness
Isis threat: Cameron wants an alliance with Iran
Crisis? What crisis? A visiting US doctor gives the NHS a rave review
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Ukip MEP calls for reintroduction of death penalty on fiftieth anniversary of last deaths
Russell Brand calls for Israel boycott: Comedian urges big businesses that 'facilitate the oppression of people in Gaza' to pull funding
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
iJobs Money & Business
£475 - £550 per day + competitive: Orgtel: Senior Technical Accountant-Insuran...
£200 - £290 per annum + competitive: Orgtel: Sales Performance Manager, Key Ba...
£25000 - £30000 per annum + bonus+benefits+package: Harrington Starr: Junior D...
£600 - £800 per day: Harrington Starr: Java/Calypso Developer Java, Calypso, ...