This Day On The Street
Continue to site
ADVERTISEMENT
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

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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs