Siemens to supply power plant components to Israel

Order value approximately EUR200 million

Erlangen, Siemens Energy has received an order from the state-owned Israeli utility Israel Electric Corp. (IEC) for the supply of components for three gas turbine power plants. The order also contains an option for the supply of additional equipment for another power plant. The plants are scheduled to come on line by the summer of 2010. The order value is approximately EUR200 million.

“Siemens has already supplied power plant equipment for the Haifa, Hagit and Gezer facilities. Securing another order for the new power plant projects in Israel demonstrates that we are making good progress with the expansion of our component business. Our advanced gas turbine technology will contribute significantly to the climate-friendly, reliable and economical power supply in Israel,“ said Michael Suess, CEO of the Fossil Power Generation Division of Siemens Energy.

The Siemens scope of supply consists of three gas turbines, three generators, the exhaust stack and the air intake system for the Ramat Hovav, Hagit and Eskhol power generating stations, each with an installed gas turbine capacity of 287 MW. The order also covers the electrical and instrumentation & control equipment for the turbine-generators, fuel conditioning systems and engineering work. The facilities will initially be operated as gas turbine power plants and are expected to be converted to combined cycle power plants by IEC in the second phase.

The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2007 (ended September 30), the Energy Sector had revenues of approximately EUR20.3 billion and received new orders totaling around EUR28.5 billion and posted a profit of EUR1.8 billion. The Energy Sector had a work force of 73,500 at the beginning of fiscal 2008. Further information is available at: www.siemens.com/energy.