By Olivia Bugault

Siemens AG (SIE.XE) said Thursday that, along with its partner Harbin Electric Co. (1133.HK), it has signed an agreement with K-Electric Ltd. (KEL.KA) to build a power plant in Pakistan.

Under the contract, the German engineering giant and its Chinese partner will build a 900 megawatt combined-cycle power plant at a complex in the city of Karachi. Siemens will provide two gas turbines, along with steam turbines, generators and condensers, it said.

Pakistani electricity company K-Electric will invest $650 million in the project, which should begin this year and end in 24 months, Siemens said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

October 24, 2019 11:06 ET (15:06 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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