Siemens Scores $967M Contract For Saudi Power Plant

Law360, New York (August 6, 2013, 1:48 PM EDT) -- Siemens AG has won a $966.8 million contract to make power plant parts for one of the latest projects of Saudi Arabian Oil Co. in the biggest deal to date between the longstanding partners, the manufacturer announced Tuesday.

The parts will go toward Saudi Aramco's planned 4,000-megawatt, major combined-cycle power plant that will deliver power to Jazan in the country's southwest and to a refinery in the city. The power plant also, however, will be fueled with gasified residue from the refinery and is aimed at...
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