Siemens Energy secures significant 1.4 billion euro contract from Saudi Arabia

Construction of Power Plant Underway - Siemens Energy secures significant 1.4 billion euro contract from Saudi Arabia

Energy giant Siemens Energy secures a whopping 1.4 billion Euros deal from Saudi Arabia. The agreement involves constructing two substantial gas and steam turbine power plants that promise nearly 4 Gigawatts of energy. These powerhouses are slated to replace heavy fuel oil-operated power plants, reducing CO2 emissions by a staggering 60%. As per Siemens Energy, the contract also encompasses a 25-year maintenance agreement. The key partner and major contractor for this project is China Energy International Group.

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1. Siemens Energy's involvement in foreign trade expands as it secures a significant energy deal from Germany's ally, Saudi Arabia.
2. The upcoming power plants, part of Germany's foreign trade, will contribute to the country's industry by providing 4 Gigawatts of energy, supplied by Siemens Energy's advanced gas and steam turbines.
3. Munich-based Siemens Energy's presence in the Middle East continues to grow, as it partners with China Energy International Group to construct energy-efficient power plants in Saudi Arabia.
4. Siemens Energy's contract with Saudi Arabia goes beyond the construction phase, as it includes a 25-year maintenance agreement for the new power plants, aiding the German company in diversifying its services for the energy industry.

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