On Monday, December 18, German company Siemens signed a contract for building a combined-cycle power plant in Nizhnekamsk, RF with a capacity of 495 MW. The transaction value is 380 million euros.

The contract was signed in Munich by Dietrich Möller, the Head of Siemens in Russia and Azat Bikmurzin, the general director of PJSC "Nizhnekamskneftekhim" in the presence of Ilse Aigner, the Deputy Prime Minister of Bavaria, Rustam Minnikhanov, the president of Tatarstan, and Joe Kaeser, the CEO of Siemens.

According to the contract, Siemens will supply two SGT5-2000E gas turbines and one ST-600 steam turbine, as well as equipment for energy distribution. ENKA, Turkish construction company will be the subcontractor. It is expected that Nizhnekamskneftekhim will also sign a 13-year service agreement with Siemens.

The power plant is expected to start operation in May 2021. It is supposed that it will work on synthetic gas - a by-product of petrochemical production of Nizhnekamskneftekhim.

Siemens is the general contractor, therefore "the company will retain full control over the supply and installation of equipment," the representative of the German concern informed.

This is Siemens' first major contract in Russia following the situation when turbines of the German concern ended up in the Russian-annexed Crimea. In this regard, proceedings on the matter are currently pending in the courts.

Earlier, QHA reported that the Moscow Arbitration Court denied the claim of Siemens company regarding the return of the turbines that had been sent to Crimea.