Siemens secures power plant order from Britain
Erlangen, Germany, April 14, 2008
The Siemens Energy Sector is to build a combined cycle power plant (CCPP) in Wales for Severn Power Ltd., a subsidiary of Welsh Power. The power plant with an installed capacity of 850 megawatts (MW) will attain an efficiency of 58 percent. Construction work has already commenced and is scheduled to be completed in 2010. The order including a long-term service agreement is valued at a total of GBP665 million.
Siemens is building the eco-friendly CCPP Severn Power in Uskmouth in the vicinity of Newport, Wales. The power plant with an installed capacity of 850 MW is being erected on the site of a decommissioned coal-fired power plant. In addition to turnkey construction, the Siemens scope of supply encompasses two SGT5-4000F gas turbines, two steam turbines, two hydrogen-cooled generators, and the entire electrical and I&C equipment. A 16-year operation and maintenance agreement is included.
The new plant of Severn Power is the ninth power plant built by Siemens in Britain. “Equipped with advanced technology, the natural-gas-fired power plant will attain an efficiency of over 58 percent and thus make an important contribution toward economical, eco-friendly power generation in the region,” said Michael Süss, CEO of the Fossil Power Generation Division of the Siemens Energy Sector. “The order from Severn Power strengthens our position in the important British market.” There is a major demand for new efficient power plants in Britain due to the decommissioning of old plants.
The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2007 (ended September 30, based on IFRS), the Energy Sector had revenues of approximately EUR20 billion and received new orders totaling around EUR28 billion and posted a profit of EUR1.8 billion. The Energy Sector had a work force of 73,500 at the beginning of fiscal 2008.
All figures represent the sum of the nonconsolidated figures for the Power Generation and Power Transmission and Distribution Groups and for the Oil and Gas activities of the Industrial Solutions and Services Group.
Reference Number: EFP200804.020 e