Siemens Receives Contract For High-Efficiency Power Plant In US

The company will supply the natural-gas-fired combined-cycle power plant in consortium with its partner, Bechtel . . .

ERLANGEN, Germany -- Siemens has been awarded an order for the turnkey supply of the Panda Temple Power Project in Temple, Texas. The company will supply the natural-gas-fired combined-cycle power plant in consortium with its partner, Bechtel. The purchaser is Panda Temple Power LLC. The order volume including a long-term service agreement is approximately USD300 million. The power station will be a Siemens Flex-PlantT 30 with a gross installed electrical capacity of 758 megawatts (MW). This technology offers high efficiency and operational flexibility. This generating station will be able to supply the power needs of approximately 750,000 homes in the Central and North Texas regions when it comes on line in 2014.

The power station will be among the cleanest fossil-fueled plants in the U.S.A. with carbon monoxide (CO) emissions less than 10 parts-per-million (ppm), and nitrogen oxide (NOx) emissions less than 2.0 ppm. Siemens will deliver the power island equipment, including two gas turbines, one steam turbine, three generators and the instrumentation and control system. Bechtel will be responsible for the engineering and procurement for the balance of the plant and the installation, construction and commissioning of the facility.

Innovative design features enable higher power output on hot days, fast starts and fast ramping up and down across a large operating window. "Power generation can commence within ten minutes of startup, and full base-load power production in less than one hour. This cutting-edge technology will provide clean power in the Texas market.

It also will reduce emissions, allow rapid response to changing market conditions, and enable added investment in intermittent renewable and zero-carbon resources," said Roland Fischer, CEO of the Fossil Power Generation Division at Siemens Energy.

High-efficiency Flex-Plant combined-cycle power plants (CCPP) are part of Siemens' Environmental Portfolio. In fiscal year 2011, revenue from the Portfolio totaled about EUR30 billion, making Siemens one of the world's largest suppliers of eco-friendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by nearly 320 million tons, an amount equal to the total annual CO2 emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore and Tokyo.

The Siemens Energy Sector is the world's leading supplier of a complete spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, processing and transport of oil and gas. In fiscal 2011 (ended September 30), the Energy Sector had revenues of EUR24.9 billion and received new orders totaling approximately EUR31.8 billion and posted a profit of EUR3.9 billion.

On October 1, 2011, the Energy Sector had a work force of more than 82,000. Further information is available at: Panda Power Funds, LP: Founded in 2010, Panda Power Funds has the ability to internally source and develop, acquire, invest in, and operate large-scale, natural gas-fueled power generation facilities.

The company recently built a utility-scale, 20-megawatt solar farm in Pilesgrove, New Jersey - one of the largest solar farms in the northeast United States. The private equity firm is headquartered in Dallas, Texas. Additional information on Panda Power Funds can be found at