13 August 2010 - Siemens has signed long-term service contracts with two customers in the Philippines and France with a combined value of approximately EUR800m ($1.027bn).
Subsidiaries of the Philippine power plant operator First Gen have awarded two 15-year service contracts to Siemens's Energy Service division, which will provide operation and maintenance for gas fired power plants totaling 1000 MW in Santa Rita and for a plant in San Lorenzo with a capacity of 500 MW.
The contracts will replace existing operation and maintenance agreements with Siemens that expired at the end of July 2010, Siemens said, reported Datamonitor.
The French power plant operator Poweo awarded a 19-year service contract to Siemens. Under this agreement, the company will be responsible for operation and maintenance for the 413 MW combined-cycle gas turbine power plant that is being built in Toul by Siemens. The plant is scheduled to be commissioned in the first half of 2013.
Randy Zwirn, CEO of the Energy Service division within Siemens, said: "We are pleased that our customers value Siemens's broad experience and look forward to enabling them to profit by reducing their total costs of ownership over the coming years."