By Nathan Allen
Siemens AG (SIE.XE) said Thursday that it will supply components for the Yerevan 2 combined-cycle power plant in Armenia.
The German industrial conglomerate will supply a grouping of core units including turbines, generators and the control system, known as the power island.
Siemens will also provide financing via a 40% equity stake in the project company, and will operate and maintain the plant for 20 years, it said.
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(END) Dow Jones Newswires
June 27, 2019 05:36 ET (09:36 GMT)
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