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13 April 2006 - Siemens has become the first foreign company to be awarded a turnkey power plant contract in South Korea. It is set to build a 560 MW combined cycle facility at the head of a consortium that includes GS Engineering & Construction.
The region appears to be a growing market for the German company, as Siemens also announced that it had received its fourth major power plant order in Vietnam. It will supply the turbine island for a new combined cycle power plant. The two contracts combined are worth approximately €310 million ($375m) to Siemens.
"Vietnam and Korea certainly are interesting power plant markets for us," said Klaus Voges, group president of Siemens Power Generation. "With the Ca Mau and Bugok orders, we are underscoring our strong position in these expanding markets."
The customer for the project Ca Mau II in Vietnam is Lilama Corporation, Hanoi, which is building the power plant for the state oil and gas company Petro Vietnam. Last November Siemens secured the contract for the power island of the Ca Mau I combined cycle power plant. Ca Mau II is of identical design and is to be built approximately 300 km south of Ho Chi Minh City. The Siemens PG scope of supply comprises two gas turbines, one steam turbine and three generators, including the complete electrical and instrumentation & controls (I&C) equipment. The two natural gas fired power plants, Ca Mau I and II, each having a capacity of around 750 MW, are scheduled to start operation in 2007 and 2008 respectively.
Power consumption in Vietnam is growing at a rate of around 14 per cent annually. With this in mind, the government in Hanoi is planning an ambitious expansion programme. By the year 2020, the installed power plant capacity is to be increased from the present 11 GW to 62 GW. Natural gas is available off the Vietnamese coast in the South Chinese Sea for expanding the power generating capacity.
Together with their consortium partner GS Engineering & Construction Co., Ltd., Seoul, Siemens PG is building turnkey the Bugok II combined cycle power plant for the Korean independent power producer GS Electric Power Services Co., Ltd., Seoul. At the end of the 1990s, the company built Bugok I, Korea's first IPP project. After the projects Yulchon for MYGEN and Incheon for KOMIPO, Bugok II is the third major power plant contract that Siemens PG has secured in Korea over the past two years.
The Bugok II natural gas-fired plant with a capacity of 560 MW is scheduled to start commercial operation in early 2008. It is being constructed directly adjacent to Bugok I, approximately 100 km southwest of Seoul. The Siemens PG scope of supply comprises two gas turbines, a steam turbine, three generators, two heat recovery steam generators, including the ancillary systems, low-voltage electronics and the I&C equipment. GS E&C is responsible for the civil engineering and construction.
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