Building on its commitment to innovative power plant solutions, Siemens has been awarded a contract from Colbún S.A. to upgrade the Central Termoeléctrica Nehuenco-I plant with Siemens' Power Plant Automation T3000 Cue (SPPA-T3000) system. The 368-megawatt (MW) combined cycle power plant is located in Quillota, Valparaíso Region, in Chile and provides electricity to approximately 350,000 homes in the region.
- Siemens supplies key components and long-term service for Sirajganj III combined cycle power plant
- Financial Services division provides up to USD80 million construction loan
Siemens Power and Gas (PG) Division recently received an order for the supply of key components for the Sirajganj III combined cycle power plant in Bangladesh providing a SGT5-2000E gas turbine and generator, as well as a long-term service contract for the project. Siemens' Financial Services Division (SFS) is contributing an up to USD80 million construction loan to support the project's successful and timely close. SFS is undertaking a primary/Mandated Lead Arranger (MLA) role in the transaction which is considered vital to the project's success. In addition, SFS demonstrated strong project support acting as one of only two international lenders participating in the Sinosure tranche. Sinosure is the national export agency of The Peoples Republic of China and provides export coverage to lenders to support long term lending in Bangladesh.
- Siemens Bank receives approval to operate as a merchant bank in Singapore
- Siemens becomes first industrial company to support its growth strategy in Asian and Australian markets with a local bank branch in Singapore
- Focus on project and structured finance lending business mainly in the business-to-business and business–to-government segments
The Monetary Authority of Singapore (MAS) grants approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the Siemens group companies in Asia-Australia.
Siemens has won a significant order from Oil and Natural Gas Corporation Limited (ONGC) in India to overhaul 18 units of RT48S & RT56 power turbines of Siemens fleet of aeroderivative gas turbines driven by Industrial AVON & Industrial RB211 gas generators along with installation and commissioning services. The turbines are operating at Mumbai High Asset and Neelam & Heera Asset of ONGC in Mumbai.
The foundation stone of the future converter station was laid on the morning of February 23rd in Folkestone by Jesse Norman, Minister for Industry and Energy signalling the start of the construction work for high-voltage direct-current (HVDC) project ElecLink. Siemens has been awarded an order to supply a link between the French and British power grids by customer ElecLink Limited, a wholly owned subsidiary of Groupe Eurotunnel SE. The ElecLink high-voltage direct-current (HVDC) link will enhance power supply reliability in both countries and promote the integration of renewable energy sources into the power grid. ElecLink, when complete, will supply enough electricity to power more than 1.65 million typical households per year. The HVDC link between France and Great Britain has been designated as one of the European Commission's projects of common interest to help create an integrated European Union energy market.
The wind service operation vessel (SOV) for the Dutch Gemini project has been christened "Windea la cour" today in Hamburg. The vessel is to set sail to start operations at the Gemini offshore wind power plant this summer. This is the third Siemens-chartered SOV which is supporting Siemens and its offshore service operations. Since June 2015, 'Esvagt Faraday' is supporting service operations at the Butendiek offshore wind power plant in North Sea and 'Esvagt Froude' is utilized for service at the EnBW Baltic II wind farm in the Baltic Sea. A fourth SOV will be utilized for service operations by Siemens at the Sandbank and Dan Tysk wind projects. SOVs are part of innovative approaches in the sector of service for offshore wind power of Siemens anc can make a vital contribution in the future to further reducing the costs for electricity generated by offshore wind farms.
- Siemens outlines innovative ways and approaches to boost large-scale capital in infrastructure financing
- Convergence of disruptive technology and public-private partnerships identified as key drivers of narrowing Asia's infrastructure gap
- The way forward lies in analyzing completed projects, establishing stable risk-sharing and making procurement more transparent
Increasing the bankability of developments is a key factor to narrowing Asia's infrastructure gap, according to speakers at the "Drivers of Infrastructure Investment in the Asian Market" symposium organized by Siemens Financial Services (SFS) yesterday.
The "Fortuna" combined cycle gas turbine (CCGT) power plant at the Lausward location in the port of Düsseldorf was successfully handed over to the customer and operator, the Stadtwerke Düsseldorf public utility company, on January 22, 2016. The power plant has broken three world records: in the acceptance test a maximum electrical net output of 603.8 megawatts (MW) was achieved and the net energy conversion efficiency was around 61.5 percent. In addition, "Fortuna" can also deliver up to around 300 MW for the district heating system of the city of Düsseldorf – a further international peak value for a power plant equipped with only one gas and steam turbine. This increases the overall efficiency of natural gas as a fuel to 85 percent. The heart of the "Fortuna" CCGT power plant is the extremely powerful SGT5-8000H gas turbine from Siemens. Highly efficient and flexible CCGT power plants ideally complement renewable energy sources such as the wind and the sun, which are subject to fluctuations in their power outputs.
The Dresser-Rand business, part of Siemens Power and Gas, has commissioned its first micro-scale natural gas liquefaction system at the Ten Man liquefied natural gas (LNG) facility in Pennsylvania, U.S. The modular, portable LNGo technology enables distributed production of LNG and can be installed in a short period of time to meet local demand for LNG. This cost-effective solution, developed by the Dresser-Rand business, allows the operator, Frontier Natural Resources, to monetize stranded gas assets at Tenaska Resources LLC's Mainesburg field, located in the Marcellus shale play. Frontier Natural Resources is an independent natural gas producer focused on developing conventional and unconventional resources.
The scope of supply included a standardized LNGo solution consisting of four different modules, each handling one step of the liquefaction process. The whole LNGo system can be transported on eight trucks. It is deployed directly at the gas field and has a footprint of approximately 508 square meters, roughly the size of a basketball court. The Ten Man facility commenced production just four months from contract signing, and has produced approximately half a million liters of LNG in the first 20 days.
"This project demonstrates our unique capabilities to deliver innovative solutions for oil and gas applications that help our clients maximize the value of their assets," said Michael Walhof, sales director Distributed LNG Solutions for the Dresser-Rand business. "We are proud to provide Frontier Natural Resources with a reliable, robust solution to liquefy natural gas and cost-effectively move it to market."
The LNGo technology makes it possible to monetize stranded gas deposits due to its relatively low capital and operating costs. The micro-scale LNGo solution can be deployed in rough terrain or remote regions, eliminating the need to establish an expensive gas pipeline infrastructure or arrange for long-distance trucking of LNG from centralized plants to point of use. It can function as a decentralized solution where the requisite pipeline infrastructure is lacking, or as an onsite transformation solution to reduce or eliminate flaring of petroleum gas at, for example, oil rigs or producing gas fields.