BP BP Plc

   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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