A consortium led by Siemens Power Generation (PG) has secured an order from Singapore for construction of a cogeneration combined cycle power plant. As part of the same order two existing combined cycle plants are to be converted to cogeneration
Purchaser is PowerSeraya Ltd., a subsidiary of Temasek Holdings Pte Ltd, the state-owned investment company. The total value of the order including a service agreement for ten years is approximately EUR520 million. Siemens share amounts to approximately EUR375 million. The new plant is scheduled to come on line in early 2010.
“PowerSeraya is one of the largest power producers in Singapore and meets approximately 30 percent of the country’s power demand,” said Klaus Voges, President of Siemens Power Generation. “The high-efficiency cogeneration plant will make a significant contribution toward meeting Singapore’s rising power demand in an economical and environment-friendly manner.”
Siemens together with its consortium partner Samsung Corporation will build the twin-unit power plant with an output of approximately 800 megawatt (MW) in Singapore. The high-efficiency cogeneration combined cycle plant with an energy utilization factor of over 80 percent will supply both heat and power. The plant will feed power into the public grid and simultaneously supply process steam to an adjacent refinery operated by Petrochemical Corporation of Singapore Private Ltd..
Back in 2002, Siemens PG together with Samsung Corporation built two combined cycle plants each rated at 370 MW for PowerSeraya Ltd. at the same site. These two existing units will now also be converted to cogeneration.
The Power Generation Group (PG) of Siemens AG is one of the premier companies in the international power generation sector. In fiscal 2006 (which ended September 30), Siemens PG posted sales amounting to more than EUR10 billion and received new orders totaling EUR12.5 billion, according to U.S. GAAP. Group profit amounted to EUR782 million. On September 30, 2006, PG had a work force of approximately 36,400 worldwide.