Siemens Receives EUR450 Million Order to Build Power Plant in France
September 04 2019 - 5:30AM
Dow Jones News
By Antonia Di Lorenzo
Siemens AG (SIE.XE) said Wednesday that it has received an order
valued at 450 million euros ($492.8 million) to build a power plant
in France.
The German industrial giant said that the plant, which will be
located in Landivisiau in western France, will provide an installed
capacity of 446 megawatts to help Brittany's growing demand for
electricity.
The order was placed by Compagnie Electrique de Bretagne, which
is fully owned by the French gas-and-energy provider Total Direct
Energie, a subsidiary of Total SA (FP.FR), Siemens said.
"With Landivisiau, we are developing and building a modern
combined-cycle power plant that will play a major role in
supporting the security of electricity supply in France utilizing
Siemens's efficient and environmentally friendly technology," said
Karim Amin, chief executive of power generation at Siemens Gas and
Power.
The power plant is scheduled to be delivered in the second half
of 2021 and the company will maintain it for a period of 20 years,
it added.
Write to Antonia Di Lorenzo at antonia.dilorenzo@wsj.com;
@AntoniaDL89
(END) Dow Jones Newswires
September 04, 2019 05:15 ET (09:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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