-Power Systems

Siemens to build combined-cycle plant in Portugal. Siemens Energy
is to build two turnkey combined-cycle units for ElecGas S.A. at Central Termoeléctrica do Pego in Abrantes, northeast of Lisbon. ElecGas S.A. is a joint venture of the independent power generation company International Power plc and the Spanish utility Endesa S.A. Following the units’ start-up, tentatively set for 2011, Siemens will also assume responsibility for maintenance of the power train for a period of 25 years. The order, including the long-term service agreement, is valued at about $947million.