Siemens to build new combined cycle power plant in France

• 4 years ago (2019-09-05)
• David Flin

Europe 1061 Gas 370

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Siemens has announced that it will build a new combined cycle power plant as a turnkey project in Landivisiau in western France. The company will also operate and maintain the plant for a period of 20 years. The plant will have an installed capacity of 446 MW, and will help cover Brittany’s growing demand for electricity. The order is valued at approximately €450 million. Siemens Financial Services (SFS), the financing arm of Siemens, held an equity stake in the project, ensuring stability during the entire development phase.

The order for the new power plant was placed by the special-purpose company Compagnie Electrique de Bretagne , which is now fully owned by the French gas and energy provider Total Direct Énergie (TDE), a subsidiary of Total. SFS held a 40 per cent share in Compagnie Electrique de Bretagne during the seven-year project development phase. When the agreement went into force, SFS sold its holding to TDE as planned. Plant commissioning is scheduled for the second half of 2021.

Siemens’ scope of supply includes the turnkey construction, an SGT5-4000F gas turbine, an SST5-3000 steam turbine, an SGen5-2000H generator, the HRSG, and the SPPA-T3000 control system. The company will also operate and maintain the plant for 20 years, including the provision of remote diagnostic services.