Siemens Gets EUR1 Billion Brazil Power Plant Order
April 03 2019 - 6:51AM
Dow Jones News
By Nathan Allen
Siemens AG (SIE.XE) said Wednesday that it has received a 1
billion-euro ($1.12 billion) order to build, operate and maintain a
combined-cycle power plant in Brazil's Rio de Janeiro state.
The 1.3 gigawatt plant forms part of the GNA 1 project that will
burn liquefied natural gas to generate enough energy for up to 4
million people, Siemens said.
The German engineering group said it has taken an equity stake
of around one third in the holding company developing the project,
Gas Natural Acu. Prumo Logistica SA (LLK1.BE) and BP PLC (BP.LN)
also hold stakes, Siemens said.
Siemens expects the plant to enter operations at the beginning
of 2021.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 03, 2019 07:36 ET (11:36 GMT)
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