Siemens to build new combined-cycle power station in Szeged

2010-08-18

Siemens Project Ventures has purchased a 50% stake in South Energia, joining Advanced Power for the construction of an environmentally-friendly, fuel and steam powered combined cycle power station in Szeged, at a cost of HUF 160bn (€573m). The power plant will have an output capacity of 880 megawatts. The plans stipulate that construction work will begin in 2012 and be completed in 2015. The power station will be located on the 13 acre site of the Szeged Industrial and Logistics Park. The construction of the plant is the 8^th joint project of Siemens and Advanced Power. The project will use domestic suppliers and will provide temporary employment for 1,000 people during the construction stage, along with permanent jobs for another 50 once it has been completed.