Siemens wins $264-million power plant order Israel
Germany’s Siemens Power Generation (PG) has been awarded a contract to supply equipment for three combined-cycle power plants to the state-run power provider, Israel Electric Corporation (IEC). Purchasing the three natural gas turbines, each capable of generating 370 megawatts (MW) of power, will cost over €300 million ($264 million).
Siemens PG will supply one gas turbine, one steam turbine, the associated generator, the boiler as well as auxiliary systems for each of the three IEC plants. These power plants will initially be run on diesel fuel, later on natural gas and are scheduled to begin commercial operation at the end of 2004 and end of 2005. Two of these combined-cycle power plants will be built near the city of Lod, and the other one near Haifa.
It is expected that a long-term maintenance contract will be finalized for these machines in the very near future, a Siemens PG press release confirmed. The turbines will help the IEC prevent a repeat of the situation last summer, when record demand for power pushed reserves to zero, an IEC statement said. In the late 1990s Siemens supplied four other gas turbines to IEC for the Gezer power plant near Lod.
In fiscal 2001, which ended September 30, the Power Generation Group (PG) of Siemens AG posted sales amounting to €8.6 billion and received new orders totaling €12.2 billion. Earnings before interest, taxes and amortization (EBITA) amounted to €634 million. On September 30, 2001, Siemens PG had a workforce of around 26,500 around the world. — (menareport.com)
© 2001 Mena Report (www.menareport.com)
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