Middle East Economic Survey

VOL. XLVIII

No 33

15-August-2005

CASPIAN

Siemens Wins 260Mn Power Plant Order From Azerbaijan

Germanys Siemens Power Generation Group (PG) on 9 August announced that Azerbaijan had ordered a 500mw turnkey combined-cycle power generation plant. Siemens said the order, worth 260mn, was its first from the Caspian region. The purchaser is state-owned utility Azerenerji JSC, headquartered in the capital, Baku. The power plant will be constructed in Sumgait, 30km northwest of...