Siemens presents technology for a strengthened energy sector in Lebanon

As Lebanon focuses on strengthening its electricity network, Siemens has gathered together leaders from the country’s energy sector to discuss technology for more robust and reliable power generation, transmission and distribution. 

“Efficient, digitalized power generation and transmission are the building blocks of Lebanon’s future, and collaboration and partnerships will be key in driving innovative solutions to strengthen the country’s energy sector,” said Jean-Claude Nasr, Senior Executive Vice President, Power Generation, Siemens Middle East. “Digitalization in energy is playing a crucial role in using data to drive productivity, and Lebanon’s power sector would benefit greatly from more modernized generation and transmission technology.”

At the event, Siemens experts presented technology for highly efficient power generation including gas and steam turbines, and also energy management for efficient transmission and distribution of electricity. Demand for energy in Lebanon is increasing and a recent International Monetary Fund (IMF) report cited electricity sector reform as one of the key factors needed to drive economic development. 

At the event, Siemens experts presented technology for highly efficient power generation including gas and steam turbines, and also energy management for efficient transmission and distribution of electricity. Demand for energy in Lebanon is increasing and a recent International Monetary Fund (IMF) report cited electricity sector reform as one of the key factors needed to drive economic development. 

During the event Siemens representatives also presented the company’s financing solutions, which support investment in technology by offering project finance, equipment and leasing, structured finance, capital loans and advisory services. Siemens Gamesa, the world’s largest turbine manufacturer by installed capacity, also showcased its wind energy production solutions suited to the Lebanese market. 

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 377,000 employees worldwide. Further information is available on the Internet at www.siemens.com.