FINANCIAL NEWS

Jordan awards IPP contract to Siemens

06 Oct 2010

(MENAFN) The Chief Executive Officer (CEO) of Siemens in Jordan, Wolfgang Niermann said that the company has inked a 25-year long term program (LTP) agreement with the Kospo Jordan, a Korean energy company based in the Kingdom, for the Qatrana Independent Power Project (IPP), Trade Arabia reported.

The deal states that Siemens is to provide tailored solutions for total coverage of the long-term maintenance needs of the facility?s gas turbine installations.

Al Qatrana is the second of two IPP projects in Jordan and is the newest power plant in operation there. It has new technology and is thus more efficient than older power installations in the country.

The CEO added that the turbines used within the plant are known for their toughness and durability, with more than 290 units in operation accounting for around 70,000 starts and more than 4,000,000 operating hours.

Siemens is going to offer all necessary work during scheduled outages and supply Kospo with performance guarantees.

Kospo Jordan will outsource the entire responsibility of the scheduled outages for the following 25 years to Siemens and this will represent 200,000 operating hours, a top official said.

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