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- Extraordinary Shareholders’ Meeting to be held in virtual format
- Siemens AG to spin off 55 percent of Siemens Energy to shareholders
- One Siemens Energy share for every two Siemens shares
- Siemens Energy to start with S&P Global investment-grade rating of “BBB”
- Initial listing of new shares planned for September 28, 2020
Siemens shareholders will vote on the spin-off of Siemens AG’s energy business at an Extraordinary Shareholders’ Meeting today. Due to the restrictions imposed on public events by the coronavirus crisis, the shareholders’ meeting will be held in a virtual-only format – that is, without the shareholders or their proxies being present in person. To ensure complete transparency, a livestream atwww.siemens.com/agm-servicewill provide shareholders and their proxies with audio and video coverage of the entire event via the Internet. Siemens shareholders had until July 7, 2020, to submit questions electronically. The proposal to approve the Spin-off and Transfer Agreement that Siemens AG and Siemens Energy AG concluded on May 22, 2020, is the only item on the meeting agenda.
Siemens has completed extensive service operations on the gas turbines at Jebel Ali K-station in a record time of only 29 working days, a notable accomplishment for a project of this scale. The power plant is located in Dubai and owned by Dubai Electricity and Water Authority (DEWA) and in operation since 2002.The outage featured the application of the "rotor-swap"; a pioneering concept that has been developed by DEWA to utilize a spare rotor and other critical parts, stored at the plant's site, to maximize each unit's availability and reduce idle time while waiting for the completion of rotor assembly work.Under terms of the agreement, Siemens provided supervisory services for three of Jebel Ali K-station's gas turbines to enable further efficient and reliable operation for approximately 100,000 hours – equivalent to about 15 years. The upgrades also increased power output by 62.6 megawatts (MW) and improved power plant efficiency by about 0.5 percent."The new project is built on over 30 years of trust and partnership with Siemens. We are very pleased to work with the company again and successfully complete services of Jebel Ali K-station's power assets so quickly, which allowed the plant to reduce the length of maintenance outage and return the turbines to service as early as possible," said Nasser Lootah, Executive Vice President of DEWA. "With this project, we will enhance the power output and the long-term availability of our power generation assets."After a certain number of operating hours, all gas turbines need to be dismantled for maintenance services. Typically, an outage of this kind would take up to 45 working days to complete, involving over 100 personnel with different areas of technical expertise. By implementing a newer outage concept, Siemens was able to perform the services within just 29 working days, setting a new benchmark in the global power service industry."DEWA puts a great importance on the availability and sustainability of power for Dubai's population, which results in their continuous commitment to innovative ideas and proactive approach for accomplishing the best results," said Gianluigi Di Giovanni, Senior Executive Vice President of Siemens Power Generation Services in the Middle East. "This project reflects our commitment to bringing the company's latest and most-advanced technologies to the UAE to help boost the efficiency and sustainability of its energy sector."Recently, Siemens and Dubai Electricity and Water Authority (DEWA) have signed an agreement to collaborate on an advanced data-driven project. Siemens and DEWA are working together to identify ways to improve thermal efficiency, provide cost-effective solutions for performance optimization, manage costs and reduce fuel consumption and emissions.
At this year's World Energy Congress (WEC) Siemens Gas and Power will give deep insights into how new energy trends are driving the future of energy and how the company is helping its customers navigate the demands of today’s industries and societies.
- 1.3-gigawatt turnkey combined cycle power plant
- Long-term service program and operation & maintenance (O&M) services included
- Largest LNG-to-power development in Latin America
- Total project volume of €1 billion
Siemens has secured an order for the turnkey construction of a new combined cycle power plant for the integrated LNG-to-Power project GNA 1 of Gás Natural Açu in the Port of Açu in the state of Rio de Janeiro, Brazil. Siemens is providing an equity investment and owns one-third of the project company Gás Natural Açu (GNA) together with Brazil logistics company Prumo Logística S.A. and BP. In addition, Siemens signed a long-term service agreement and will operate and maintain the plant to help ensure reliability, availability and operational performance. The order is the first application for the highly efficient and proven Siemens H-class gas turbine in Brazil. With a capacity of approximately 1.3 gigawatts (GW), the power plant will provide affordable and clean energy for Brazil. Total project volume for GNA 1 is approximately €1 billion (R$4.5 billion).
Highlighting its commitment to supporting Pakistan in meeting its growing power needs, Siemens has announced the signing of a long-term service agreement with Punjab Thermal Power (Private) Limited to provide comprehensive maintenance, parts and repair services for Punjab Power Plant Jhang for the next 12 years. The agreement includes Siemens' Power Diagnostics, part of the company's "Digital Services for Energy" portfolio of data-driven solutions.With the fifth-largest population in the world, Pakistan is working to spur socio-economic development by delivering reliable and efficient power supply to industries and homes. Located in Haveli Bahadur Shah, Punjab Power Plant Jhang, is expected to add 1.3 gigawatts (GW) to Pakistan's grid, making it one of the largest gas-fired, combined cycle power plants in the country. It will also see the first deployment of Siemens' SGT5-8000H gas turbines in the country, selected for their high power output and record-breaking efficiency.Anticipated benefits of the agreement include increasing the availability of the power plant and reducing the maintenance costs. The agreement covers all the scheduled and un-scheduled outage services for two SGT5-8000H gas turbines, generators, related auxiliaries as well as the supply of spare parts and field services."Pakistan's energy sector is undergoing a transformational period to meet the increasing demand of electricity. We are very proud to contribute to this significant project," said Gianluigi Di Giovanni, Senior Executive Vice President of Siemens Power Generation Services in the Middle East. "With our services, cross-fleet experience and digital capabilities, we look forward to bringing value and on-ground support to Punjab Thermal Power, helping maximize the potential of the plant's overall operations."Siemens' Power Diagnostics use advanced data analytics to help predict and eliminate unplanned downtime, and improve power plant productivity by identifying operational challenges in advance. It will also allow the power plant's team to manage outages more efficiently.The current agreement builds on Siemens' contributions towards strengthening Pakistan's power sector. It comes three months after the company signed the largest ever power generation contract in the country to provide a complete power island solution for Punjab Power Plant Jhang.
- Cooperation aims to test renewable fuels at the Rya CHP plant located in the energy port of Gothenburg
- First phase with Göteborg Energi is to validate 3D-printed burners at the Rya plant
By 2030, the ambition is that all district heating in Gothenburg, Sweden, will be produced by renewable or recovered energy sources. With this in mind Göteborg Energi and Siemens have come together in a cooperation agreement with the aim of testing state-of-the-art gas turbine technology that enables the operation of renewable fuels in the Rya combined heat and power (CHP) plant, which is today powered by natural gas.
- Gas turbine rotor exchange allows for increased output and efficiency
- Control system upgraded to latest version of SPPA-T3000
The Dunamenti Power Plant in Százhalombatta, Hungary, is the largest gas-fired power plant in the country with a capacity of 794 megawatts (MW), making it a major source of reliable electricity in Hungary. Recently, in collaboration with the customer and plant owner, MET Asset Management AG, and within the scope of an overhaul project, Siemens Gas and Power replaced the entire rotor of the plant's SGT5-2000E gas turbine and installed a new, state-of-the-art SPPA-T3000 control system.
3D-printed oil sealing rings installed on SST-300 steam turbine operating in IndiaSiemens has reached yet another industry milestone in the area of Additive Manufacturing (AM) in the power generation industry with the company's first replacement parts 3D-printed from metal for an industrial steam turbine. The company is utilizing state-of-the-art AM technology to pave the way for greater agility in steam turbine component manufacturing and maintenance and to set new benchmarks for industrial power plant services.
- Green hydrogen project launched in May 2020
- Decarbonizing a paper factory by modernizing an existing combined heat and power plant in France
With the HYFLEXPOWER project, a consortium made up of Engie Solutions, Siemens Gas and Power, Centrax, Arttic, German Aerospace Center (DLR) and four European universities are implementing a project funded by the European Commission under the Horizon 2020 Framework Program for Research and Innovation (Grant Agreement 884229). The implementation of this project, the world's very first industrial-scale power-to-X-to-power1 demonstrator with an advanced hydrogen turbine, will be launched at Smurfit Kappa PRF’s site - a company specialized in manufacturing recycled paper - in Saillat-sur-Vienne, France. The purpose of this project is to prove that hydrogen can be produced and stored from renewable electricity and then added with up to 100 percent to the natural gas currently used with combined heat and power plants. For this an existing Siemens SGT-400 industrial gas turbine will be upgraded to convert stored hydrogen into electricity and thermal energy.