By Kim Richters

Siemens AG (SIE.XE) said Thursday that it will replace four floating power-generation barges in New York City with two newly constructed ones.

The barges will be equipped with eight Siemens SGT-A65 gas turbines, the German industrial giant said, and boost the power-generating efficiency of the sites by nearly 50%.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

September 05, 2019 12:42 ET (16:42 GMT)

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