GE GE Aerospace

   By Inti Landauro 
 

PARIS--French power equipment maker Alstom SA (ALO.FR) said Monday it signed a EUR335 million contract with Spanish power utility Iberdrola (IBE.MC) to supply equipment and provide maintenance for a combined-cycle power plant located in northern Mexico.

The project is an expansion of a power plant dubbed Monterrey III, which has already operated with Alstom-made turbines, for more than a decade, the French company said.

The contract comes at the right time for Alstom. Its chief executive, Patrick Kron, recently said the company's power-equipment business suffers from weak demand for big-ticket power equipment.

Alstom is in the process of selling that part of its operations to U.S. rival General Electric Co. (GE).

Write to Inti Landauro at inti.landauro@wsj.com

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