siemens energy

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Siemens Energy AG

Mytilineos signs UK power plant deal

Mytilineos on Thursday announced the signing of a contract for the development of an open-cycle gas turbine (OCGT) power plant project in Immingham, North Lincolnshire in England, for VPI Immingham-B LLP (VPI-B), a non-consolidated group entity of Vitol.

The contract signed by Mytilineos consists of the engineering, procurement and construction (EPC) of a 299-megawatt OCGT plant.

Euro Plunges to 20-year Low after Nord Stream 1 Shutdown

Financial markets have been rattled by the shutdown of Russia's Nord Stream 1 gas pipeline, as energy pressure on European economies intensifies as winter approaches. The euro fell to a two-year low this morning in early trading on Monday after Russian energy company Gazprom extended the shutdown of its gas pipeline to Germany on Friday night.

Scholz accuses Russia of blocking gas turbine delivery

German Chancellor Olaf Scholz yesterday accused Russia of blocking the delivery of a turbine needed to keep gas flowing via the Nord Stream 1 pipeline to Europe.

The unit was "available and working" Scholz said, standing next to the turbine on a visit to the maker Siemens energy.
"There is no reason why this delivery cannot happen," Scholz said.