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Siemens
Siemens wins order from Argentina for four industrial power plants



March 31, 2017

Siemens continues to be on a successful course with its energy business in Argentina: the company has secured orders to supply a total of four turnkey industrial power plants to the country. Six SGT-A65 TR (former Industrial Trent 60) gas turbines will form the heart of two plants in the cities of Luján and Matheu in Buenos Aires Province in eastern Argentina. Siemens has also been awarded a contract to supply six industrial gas turbines of type SGT-800 for two power plants in Las Palmas and San Pedro in the cities of San Pedro and Zarate. Siemens' customers are the two Canadian private equity companies Stoneway Capital and Araucaria Energy led by Roger Nores. They will operate the plants as independent power producers with the support of Siemens. The total order volume for Siemens is approximately USD 570 million. Siemens has also committed a USD 115 million loan to support the power plants' construction.

"These orders mark another major success for Siemens in Argentina," explains José Aparicio, Vice President for the Sales Region Latin America in Siemens' Power and Gas Division. "This is the first time we have sold a turnkey industrial power plant equipped with aeroderivative gas turbines, as well as long-term service. What's more, these four power plants will help to alleviate the power shortages in Argentina and increase the security of power supplies".

Siemens has also signed long-term service agreements for the four sites. These contracts include operation & maintenance (O&M) and long-term agreements for each location for a period of ten years and include operation and maintenance staff, remote monitoring, 24/7 helpdesk, overhauls, spare parts for stock and reliability guarantees. Siemens service and maintenance is centered on the company's Digital Services for Energy portfolio, combining advanced data analytics with Siemens' proven expertise to help customers fully realize the full potential of their power assets for improved reliability and profitability.

With an electrical generating capacity of 127 MW, the plant in Luján will be fitted with two SGT-A65 TR gas turbines and with two SGen5-100A-series electrical generators. The four model SGT-A65 TR turbines destined for the power plant in Matheu will provide a total electrical generating capacity of 254 megawatts (MW). The Las Palmas site will be equipped with four SGT-800 gas turbines with an electrical generating capacity of 202 MW. The other two SGT-800 gas turbines destined for the power plant in San Pedro will generate a total electrical output of 104 MW; commissioning for the four sites is scheduled for the end of 2017. All the sites have the option to be retrofitted as combined cycle power plants in the near future. The SGT-A65 TR gas turbines are being manufactured as fast-track units at Siemens' production locations in Mount Vernon, Ohio, in the United States, and in Montreal, Canada. The corresponding generators will be provided by the Siemens' manufacturing facility in Erfurt, Germany. The SGT-800 gas turbines will be manufactured in Finspang, Sweden.

This press release and a press picture are available at www.siemens.com/press/PR2017030251PGEN

For further information on the Siemens SGT-800 gas turbine, please see www.energy.siemens.com/hq/en/fossil-power-generation/gas-turbines/sgt-800.htm

For further information on the SGT-A65 TR gas turbine, please see www.energy.siemens.com/hq/en/fossil-power-generation/gas-turbines/industrial-trent-60.htm

For further information on Siemens' aeroderivative gas turbines, please see www.siemens.com/press/renaming-aeroderivatives

For further information on the Siemens Power and Gas Division, please see www.siemens.com/about/en/businesses/power-and-gas.htm

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment - such as computed tomography and magnetic resonance imaging systems - and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of 79.6 billion and net income of 5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide.

For more information:

Organization:
Siemens

Address:
Freyeslebenstrasse 1
Erlangen, Germany
Germany, 91058
www.energy.siemens.com

Contact:
Annie (Seiple) Satow, Media Relations
Siemens Energy Management
Tel: 202-316-0219
E-mail: annie.seiple@siemens.com


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