Power for Iraq - Siemens supplies key components
for gas power plants
Erlangen, Germany, December 22, 2008 (News Release)
The Siemens Sector Energy has secured a major contract from Iraq for the
supply of key components for the expansion of the country's power system.
The purchaser is the Iraqi Ministry of Electricity. The order volume is
approximately EUR1.5 billion. "This is one of the biggest orders Siemens has
ever booked in the Middle East," said Wolfgang Dehen, mem¬ber of the Group
Executive Management of Siemens AG and Energy Sector CEO, at the signing
ceremony in Baghdad.
Electricity is an essential prerequisite for upward economic development. At
present, only half of the installed capacity of 9,000 megawatt (MW) that
Iraq needs is actually available. "When these new power plants go on line in
2010 and 2011, they will make an essential contribution to improv¬ing the
country's power supply situation, which is currently affected by daily power
outages," Dehen stated. "At the same time, this order underlines the very
encouraging development of our product business, which is set to further
expand its share of our overall business volume."
The new gas power plants will run on natural gas or oil and are to be built
at the following loca¬tions: Rumaila-Basra, Taza-Kirkuk, Dibis-Kirkuk, Baiji
and Sadder-Baghdad. Siemens is supplying a total of 16 high-efficiency gas
turbines with a total capacity of 3,150 MW. The company's scope of supplies
and services also comprises high-voltage switchgear and transformers in
addition to the electrical balance of plant, as well as the instrumentation
and control systems for the power plants. Siemens will be supplying the
components. The plants will be erected by the customer or by general
contractors.
Siemens gas turbines feature high efficiency, cost-effectiveness and
reliability. More than 3,500 Siemens gas turbines with a total capacity of
approximately 165 gigawatts (GW) are currently in operation throughout the
world. The company has had operations in Iraq for over 40 years. The Iraqi
government's plans envisage quadrupling the country's installed capacity by
2015. “Siemens is ready to support the country to build up an economical and
reliable power supply in the long term,” Dehen added.
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 2008 (ended September 30), the
Energy Sector had revenues of approximately EUR22.6 billion and received new
orders totaling approximately EUR33.4 billion and posted a profit of EUR1.4
billion. On September 30, 2008, the Energy Sector had a work force of
approximately 83,500.
Further information is available at: www.siemens.com/energy. |