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Press Release30 November 2017Power Generation ServicesOrlando, Florida
Siemens partners with Iraq Ministry of Electricity to modernize four power plants
Infographic: Siemens partners with Iraq Ministry of Electricity to modernize four power plants
With approximately 15,700 megawatts (MW) of available power generation capacity, the Iraqi Ministry of Electricity is working towards improving the availability and reliability of power supply, while minimizing power losses. This service project with Siemens will support the nation's industrial development plans and meet its growing population's demand for power.
Commenting on the agreement, Tim Holt, CEO of Siemens Power Generation Services, said, "Iraq is taking significant steps to help improve its electricity infrastructure and we are pleased to be working alongside the Ministry of Electricity on modernizing these four critically important power plants. Through a number of technology and operational enhancements, these power plants will benefit from improved efficiency, output and performance, thereby providing reliable power to meet the needs of Iraq and its citizens."
The landmark agreement calls for Siemens to carry out critical service and maintenance works across the four power plants. The outage and upgrade services will enhance the reliability and efficiency of these units, helping them collectively generate more than 1,000 MW of power, 400 MW more than today, and save up to 10 percent in fuel consumption. This is enough to supply approximately three million Iraqi people with reliable electricity. The agreement includes spare parts supply as well as manpower training to enhance energy efficiency.
With over 40 years of presence in the country. Siemens' advanced technologies are perfect fit to support Iraq's development plans. Today, Siemens' technologies are responsible for generating almost 40 percent of the electricity distributed across the country.
For further information on Siemens Power Generation Services, please see www.energy.siemens.com/hq/en/services/
For this press release
@Siemens_Energy
@Siemens_Energy
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 372,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Contact
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Siemens AG
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