- Published: Wednesday, 12 October 2016 09:33
- Sourced by SolutionsTeam
Germany based Siemens AG, the largest engineering firm in Europe, is considering a bid for a $3.7-billion project in South Africa to generate power from natural gas, Bloomberg reported. Gas-power development has become a priority as the government tries to reduce South Africa’s dependence on coal. A plan announced by the Department of Energy on Oct. 3 involves importing 1.6 million metric tons a year of liquefied natural gas to generate electricity sold under a 20-year power-purchase agreement with state-owned utility Eskom. Siemens has had “significant discussions” with potential partners about bidding for the contract to develop 3,000 megawatts of gas-fired generation at two ports on South Africa’s east coast, said Siemens South Africa CEO Sabine Dall’Omo in a Bloomberg interview.