Siemens

Construction of Greece-Cyprus power cable starts

The construction of the cable section of the first leg of the Greece-Cyprus-Israel interconnection (the Crete-Cyprus interconnection) began with the order Nexans got from Greece's Independent Power Transmission Operator (IPTO), responsible for the project, to "reserve" the necessary slot for the production of cables and to start relevant procedures.

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.

Siemens posts loss as energy spin-off struggles

German industrial conglomerate Siemens said yesterday it had made a significant net loss as it counted the cost of struggles at its former energy unit.    

Between April and June, Siemens recorded a net loss of 1.5 billion euros ($1.5 billion), after a mirror 1.5-billion-euro profit in the same period last year.    

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.

BSH posts record turnover of 15.6 billion euros in 2021

Bosch Group's home appliances company BSH Hausgeräte GmbH (BSH) achieved its highest-ever turnover in the 55 years of its existence for the second consecutive year in 2021.

BSH generated a turnover of 15.6 billion euros last year, a year-on-year increase of 12 percent, according to a company statement released on April 5.

By the End of August the Third Line of the Sofia Metro is Expected to be Opened

The third line of the metro in Sofia is expected to be partially put into operation by the end of August, Prime Minister Boyko Borissov, who inspected the construction of the line said. One kilometer of the new line in Sofia costs 40 million euros, while in other European countries the sum reaches 150 million euros, Borissov said.

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