SIEMENS ANNOUNCES $700 MILLION TAIWAN POWER ORDER; GAS TURBINES TO COME FROM MILWAUKEE
SIEMENS ANNOUNCES $700 MILLION TAIWAN POWER ORDER;
GAS TURBINES TO COME FROM MILWAUKEE
MILWAUKEE, Sept. 16 /PRNewswire/ -- Siemens today announced an order from Taiwan Power Company, Taipei, valued at approximately $700 million (A). The unfired combined-cycle Nan Pu power plant, to be built in Kaoshiung in southwest Taiwan, will have three 285 megawatt units for a total capacity of 855 MW.
Each unit will consist of two V84.2 gas turbines and one steam turbine, which, via heat-recovery steam generators, will utilize the energy from gas turbine exhaust to generate electricity. The power plant can be operated with either natural gas or light fuel oil.
As part of Siemens' global manufacturing concept, major components of the six gas turbines are being manufactured by Siemens Power Corp. in Milwaukee.
Four gas turbines are scheduled to go on line by mid-1993, while the overall plant should be in operation by mid-1996. Siemens will work closely with local Taiwanese companies on project development.
Hans Hirschmann, member of the Siemens Board and of the Power Generation Group (KWU) executive management, said, "With this order, Siemens further strengthens its position in the Asian market, having already received orders from Japan and Indonesia, and having established a cooperation in South Korea."
Hirschmann noted that strong orders for gas turbines and combined- cycle plants have contributed significantly to dramatic growth in Siemens' conventional power plant business, which last fiscal year enjoyed orders of more than $3.4 billion (B).
Hirschmann attributed worldwide demand for gas turbines and combined-cycle power plants to relatively low investment costs, short construction periods, low fuel consumption and low environmental impact.
In the United States, Siemens Power Generation Group (KWU) is represented by Siemens Power Corporation, which has headquarters in Milwaukee and Bellevue, Wash. Siemens is a leader in critical power technologies, which, in addition to conventional power plants, technologies and services, includes nuclear power and solar energy systems and services.
(A) -- Value based on $1 - DM 1.41.
(B) -- Based on $1 - DM 1.61.
/CONTACT: Steve Morgan of Siemens Corp., 407-994-7438/ CO: Siemens Power Corp. ST: Florida, Wisconsin, Washington IN: OIL SU:
JB-JJ -- FL022 -- 0175 09/16/92 13:44 EDT