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Siemens to build cogeneration combined cycle power plant in Singapore
Singapore, Wednesday, August 22, 2007
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.
Siemens together with its consortium partner Samsung Corporation will build the twin-unit power plant with an output of approximately 800 megawatt (MW) on the site of Pulau Seraya Power Station on Jurong Island in southwest Singapore. In addition to the two SGT5-4000F gas turbines Siemens PG’s scope of supply will include two steam turbines and two hydrogen cooled generators, the heat-recovery steam generators (HRSG), and the entire electrical and SPPA-T3000 instrumentation and control equipment. 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.
"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."
With construction of the two new units and conversion of the two existing plants PowerSeraya will have four cogeneration combined cycle power plants on Jurong Island. The new order also included conclusion of a 10-year service agreement.
The Power Generation Group (PG) of Siemens AG is one of the premier companies in the internationalpower generation sector. In fiscal 2006 (which ended September 30), Siemens PG posted salesamounting to more than EUR10 billion and received new orders totaling EUR12.5 billion, according toU.S. GAAP. Group profit amounted to EUR782 million. On September 30, 2006, PG had a work force ofapproximately 36,400 worldwide. For more information about Siemens Singapore, please visit: www.powergeneration.siemens.com
Disclaimer Any statements in this document that are not historical facts are forward-looking statements that involve risks and uncertainties; actual results may differ from the forward-looking statements. Siemens undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.