Siemens Receives Order for EPC Contract for Power Plant in the United States

Erlangen, Deutschland (PressExposure) April 04, 2013 -- Siemens has been awarded an order for the turnkey supply of the Panda Temple II Power Project in Texas. Following the Temple I and Sherman Power Projects this is the third order awarded to Siemens by Panda Power Funds. Siemens will supply the natural-gas-fired combined-cycle power plant (CCPP) in consortium with its partner, Bechtel. The multi-shaft combined-cycle plant will be equipped with Siemens Flex-Plant 30-technology. It will have a gross installed electrical capacity of 758 megawatts (MW). This plant will be among the cleanest fossil-fueled plants in the U.S.A. with carbon monoxide (CO) emissions less than 10 parts-per-million (ppm), and nitrogen oxide (NOx) emissions less than 2.0 ppm. Once completed, at the end of 2015, the power generating station will be able to supply the power needs of approximately 750,000 homes in the Central Texas area. The order volume including a long-term service agreement is approximately USD300 million.

The natural-gas-fired Panda Temple II CCPP will be located adjacent to Panda Temple I at the Synergy Industrial Park in Temple, Texas. Siemens will deliver the power island equipment, including two SGT6-5000F gas turbines, one SST6-5000 steam turbine, two SGen6-1000A generators, one SGen6-2000H generator, the SPPA-T3000 instrumentation and control system as well as two Benson® heavy duct- fired heat recovery steam generators manufactured by NEM. A long-term service agreement has also been signed for the main generation components. Bechtel will be responsible for the engineering and procurement for the balance of the plant, and the installation, construction and commissioning of the facility.

"Siemens' combined-cycle Flex-Plant 30 is an environmentally friendly solution that can commence power generation within ten minutes of startup, and full base-load power production in less than one hour," said Mario Azar, Head of Gas Turbine Power Plant Solutions Americas in Siemens Fossil Power Generation Division. "To date, Siemens is the only OEM that has delivered and operated a power plant with these flexible capabilities. This order from our valued customer Panda Power Funds, represents a combined two gigawatts of flexible eco-friendly power to the Texas region," Azar added.

The gas turbines, steam turbine and generators will be manufactured in the Siemens factory in Charlotte, North Carolina, which is the main production facility for Siemens 60 Hz power generation equipment.

High efficiency combined cycle power plants are part of Siemens' Environmental Portfolio. In fiscal 2012, revenue from the Portfolio totaled about Euro 33 billion, making Siemens one of the world's largest suppliers of ecofriendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by more than 330 million tons, an amount equal to the total annual CO2 emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore and Tokyo.

For further information on Flex Plantâ„¢ Technology, please see SCC6-5000F 2x1 Flex-Plant 30.

About Siemens

The Siemens Energy Sector is the world's leading supplier of a broad spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, processing and transport of oil and gas. In fiscal 2012 (ended September 30), the Energy Sector had revenues of EUR27.5 billion and received new orders totaling approximately EUR26.9 billion and posted a profit of EUR2.2 billion. On September 30, 2012, the Energy Sector had a work force of almost 86,000. Further information is available at: Energy-Efficiency

About Panda Power Funds, LP: Founded in 2010, Panda Power Funds is a private equity firm headquartered in Dallas, Texas, which has the ability to internally source and develop, acquire, invest in, and operate large-scale, natural gas-fueled power generation facilities. The firm has a combined-cycle power plant being built in two phases in Temple, Texas totaling 1,516 megawatts and a 758 megawatt combined-cycle power plant under construction in Sherman, Texas. The company recently built a utility-scale, 20-megawatt solar farm in Pilesgrove, New Jersey -- one of the largest solar farms in the northeast United States. Additional information on Panda Power Funds can be found at:

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Press Release Submitted On: April 05, 2013 at 2:11 am
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