Siemens to Supply Components for Armenia Power Plant

Date : 06/27/2019 @ 10:51AM
Source : Dow Jones News

Siemens to Supply Components for Armenia Power Plant

   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.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

June 27, 2019 05:36 ET (09:36 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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