Siemens Gets EUR280 Million Iraq Power Plant Order

Date : 07/09/2019 @ 2:26PM
Source : Dow Jones News
Stock : Siemens AG (SIE)
Quote : 88.93  -0.19 (-0.21%) @ 4:35PM
Siemens share price Chart

Siemens Gets EUR280 Million Iraq Power Plant Order

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   By Nathan Allen 
 

Siemens AG (SIE.XE) said Tuesday that it has received an order valued at 280 million euros ($314.2 million) to supply components and services for a combined-cycle power plant under construction in Iraq.

The German engineering group will supply gas turbines, a steam turbine and the main transformers for the 840-megawatt plant, which will generate power for more than 3 million Iraqis.

Chinese construction group CITIC Construction Co. is overseeing the project, which is scheduled to start up in 2021 and ramp up to full capacity in 2022.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

July 09, 2019 09:11 ET (13:11 GMT)

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