Siemens Receives $400 Million Order For Power Plant In U.S.

Siemens will deliver two H-class gas turbines, two steam turbines, two generators, two heat recovery steam generators, as well as the electrical equipment and the control system.

WASHINGTON - Siemens has received an order from the U.S. for the delivery of two power plant blocks for the Liberty combined cycle power plant in Pennsylvania. Siemens will deliver two H-class gas turbines, two steam turbines, two generators, two heat recovery steam generators as well as the electrical equipment and the control system. The EPC contractor is Gemma Power Systems LLC, a leading Engineering, Procurement, and Construction contractor in the U.S. The customer is an affiliate of Panda Power Funds. The order includes a long-term service agreement and has a total value for Siemens of approximately $400 million. With a combined cycle output of approximately 829 megawatts, Liberty will be one of the most advanced gas-fired power plants in the northeastern U.S. when it goes into commercial operation in 2016 and will be able to supply up to one million homes with clean power generated using domestic fuel.

This order brings the total number of H-class gas turbines that Siemens has sold worldwide up to 24.

“The United States is now the leading purchaser of Siemens’ H-class gas turbines – with almost half of all orders globally. This demonstrates how truly dynamic the market for gas-fired power plants is,” said Roland Fischer, CEO of the Fossil Power Generation Division at Siemens Energy.

“Siemens continues to provide us with precise solutions for our power generation projects. This power plant offers world-class performance and reliability. Due to its high efficiency, it will also be very economical to operate. These are critical features as we provide electricity for Pennsylvanians for decades to come,” affirmed Todd W. Carter, president and senior partner of Panda Power Funds.

The gas turbines and generators will be manufactured in the Siemens North American manufacturing hub in Charlotte, North Carolina. Siemens Financial Services is providing financing to aid in the project’s construction through a $50 million term loan.

Highly efficient combined cycle power plants are part of Siemens’ Environmental Portfolio. In fiscal 2012, revenue from the Portfolio totaled about €33 billion, making Siemens one of the world’s largest suppliers of ecofriendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by more than 330 million tons, an amount equal to the total annual CO2 emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore and Tokyo.

 

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