Siemens has received a €360m order to deliver H-class gas turbine technology for the Dangjin 4 combined cycle power plant in South Korea.
The power plant is being constructed by South Korean construction company GS Engineering & Construction Corporation (GS E&C) for GS EPS, which owns the 902MW Dangjin 4 plant.
A natural gas-fired power facility, Dangjin 4 is expected to commence operations in the summer of 2017.
The plant is located in Dangjin-City, Chungchong Nam-do Province, approximately 120km south of Seoul.
Equipped with Siemens H-class gas turbine, Dangjin 4 is expected to achieve more than 60% efficiency and once operational, can supply power to mroe than 900,000 households.
This is the fourth unit at Dangjin site that is featured with Siemens technology and the second one at the Dangjin facility to be equipped with the latest Siemens' H-class technology.
Siemens will deliver two gas turbine SGT6-8000H models, one SST6-5000 steam turbine with its condenser, three SGen6-2000H generators, two heat recovery steam generators, in addition to electrical components and the SPPA-T3000 instrumentation and control system for the Dangjin 4 facility.
As per the terms of the deal, Siemens will also provide long-term service to the plant.
Siemens Energy Solutions president and CEO Rochus Bergmann said: "Since South Korea imports nearly its entire demand for gas in the form of liquid natural gas, the efficiency of gas-fired power plants plays a crucial role for the country.
"This is why many utilities opt for an H-class-technology solution by Siemens."
GS EPS president and CEO said: "Based on the excellent performance of the previously built projects at Dangjin site, the trustful relationship and the proven state-of-the-art technology we again opted for a Siemens solution.
"We are looking forward to a smooth completion of the project."
South Korea is witnessing a significant demand for electrical energy. The country is aiming to boost its generation capacity from the present 95GW to more than 150GW by 2030.
In fact, gas-fired power plants' contribution are likely to be about one-third of this total generation capacity.
Image: A natural gas-fired power facility, Dangjin 4 is expected to commence operations in the summer of 2017. Photo: courtesy of Siemens AG.