This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Siemens Awarded USD 220 Million Supply Contract For Power Plant In Brazil

Stock quotes in this article: SI

Siemens will supply the power island for the UTE Mauá 3 combined-cycle power plant in Manaus, Brazil. The power island equipment includes two heavy-duty gas turbines, one steam turbine, three generators and the instrumentation and control system. The order volume is approximately USD 220 million. The plant will be built for Amazonas Distribuidora de Energia S.A., a subsidiary of Eletrobrás, the National Brazilian Electrical Company. The natural gas-fired power station with an installed capacity of approximately 580 megawatts will support the increased electricity demand in the region. Manaus, the capital of the State of Amazonas, is one of the ten biggest cities in Brazil.

In the first phase, the natural gas-fired plant will be erected. It is scheduled to be online in 2014. In the second phase, the plant will be extended to a combined-cycle power station. “Brazil is a key market for Siemens and we are proud to have been selected as the supplier of choice for this important power plant project which will support the electrification of Manaus. We recognize that the Manaus region needs the UTE Mauá 3 power plant for steady, reliable and environmentally friendly power supply in the very near future. This is all the more important as Manaus will be one of the venues of the 2014 world football championship,” said Michael Suess, member of the Siemens AG Managing Board and CEO of the company’s Energy Sector.

The gas turbines, the steam turbine and the generators will be manufactured in the Siemens factory in Charlotte, North Carolina, USA. Furthermore, Siemens will provide technical field assistance during the erection and construction, which will be done by Construtora Andrade Gutierrez S.A. Siemens will also lead the commissioning of the plant.

Highly efficient combined-cycle power plants are part of Siemens’ Environmental Portfolio. In fiscal year 2011, revenue from the Portfolio totaled about €30 billion, making Siemens one of the world’s largest suppliers of eco-friendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO 2) emissions by nearly 320 million tons, an amount equal to the total annual CO 2 emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore and Tokyo.

The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, processing and transport of oil and gas. In fiscal 2011 (ended September 30), the Energy Sector had revenues of EUR24.9 billion and received new orders totaling approximately EUR31.8 billion and posted a profit of EUR3.9 billion. On October 1, 2011, the Energy Sector had a work force of more than 82,000. Further information is available at: www.siemens.com/energy.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs