New Order for Combined Cycle Power Plant Featuring World-Record Siemens Gas Turbine


World's most efficient gas turbine scheduled to come on line in South Korea in 2013

Siemens has received an order from South Korea for the supply of its latest high-efficiency gas turbine (H Class). For the first time Siemens will supply a complete combined cycle power plant equipped with a new-generation gas turbine. Bugok 3 with an electrical capacity of 400 megawatts (MW) will attain an efficiency above the record figure of 60 percent and supply electricity to more than 300,000 people. Purchaser is the Seoul-based utility GS Electric Power and Services Co., Ltd. The natural gas-fired power plant is scheduled to come on line in the summer of 2013.

"Our H Class gas turbines are characterized by maximized energy efficiency and thus successful climate protection. After the Irsching 4 project in Germany, an order for six turbines for Florida Power & Light in the U.S. and now Bugok 3 in South Korea our world-record gas turbine will be deployed on three continents. We also see great interest in our most advanced gas turbine technology e.g. in Russia, Brazil as well as in Germany, France and Turkey," said Michael Suess, CEO of the Fossil Power Generation Division of Siemens Energy.

Siemens will supply the Bugok 3 power plant as a turnkey project. The scope of supply includes a new-generation SGT6-8000H gas turbine, SST6-5000HI-L steam turbine, a hydrogen-cooled generator SGEN6-2000H, a BENSON HRSG as well as electrical equipment and the Instrumentation & Controls system SPPA-T3000. A long-term maintenance agreement was also concluded for the main components. "We place special emphasis on maximized efficiency and environmental friendliness. For that reason we opted for a solution provided by Siemens, which features cutting-edge power plant technology," said Lee Wan-Kyoung, President and CEO of GS EPS.

The new Siemens H Class gas turbine generation had its market entry in mid-2010 and will post efficiency records of more than 60 percent in combined cycle duty: In comparison with the installed global fleet of gas fired power plants gas consumption and carbon dioxide (CO2) emissions are both reduced by approximately one-third. Compared to coal-fired power plants the H Class reduces CO2 emissions by as much as 75 percent.

Bugok 3 will be the ninth combined cycle power plant built by Siemens in South Korea in the last ten years. With a combined installed capacity of 13,000 MW these power plants are capable of generating sufficient electricity for approximately ten million people.

High-efficiency combined cycle power plants are part of Siemens' Environmental Portfolio. In fiscal 2010, revenue from the Portfolio totaled about EUR28 billion, making Siemens the world's largest supplier of ecofriendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by 270 million tons, an amount equal to the total annual CO2 emissions of the megacities Hong Kong, London, New York, Tokyo, Delhi and Singapore.

The Siemens Energy Sector is the world's leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas.
In fiscal 2010 (ended September 30), the Energy Sector had revenues of approximately EUR25.5 billion and received new orders totaling more than EUR30.1 billion and posted a profit of more than EUR3.6 billion. On September 30, 2010, the Energy Sector had a work force of more than 88,000. Further information is available at: http://www.siemens.com/energy.

Siemens AG

Corporate Communications and Government Affairs

Wittelsbacherplatz 2,

80333 Munich

Deutschland

Media Relations:

Alfons Benzinger

Phone: +49 9131 18-7034

E-mail: alfons.benzinger@siemens.com

Siemens AG

Energy Sector - Fossil Power Generation Division

Freyeslebenstr. 1,

91058 Erlangen,

Germany

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