Siemens Receives Additional Order for Advanced H-Class Power Plant in the United States

  Siemens Receives Additional Order for Advanced H-Class Power Plant in the
  United States

  *Two power islands with H-class gas turbines for Patriot power plant in
    Pennsylvania
  *Installed electrical generating capacity of 829 MW
  *Order volume, including long-term maintenance contract, amounts to
    approximately $400 million
  *Total of 27 H-class gas turbines sold worldwide

Business Wire

WASHINGTON -- December 20, 2013

Siemens Energy announced today that it has received an order from Panda Power
Funds to supply two power plant units fitted with H-class gas turbines for the
“Patriot” combined-cycle power plant (CCPP) in Clinton Township, Pennsylvania.
This is the second project in Pennsylvania awarded by Panda Power Funds to
Siemens. The first order was for the “Liberty” power plant which was announced
in August 2013.

“When they are completed, the Patriot and Liberty power plants will be two of
the most technologically advanced, most modern power plants on the East
Coast,” said Martin Tartibi, Head of the Business Unit Gas Turbine Power Plant
Solutions Americas at Siemens Energy’s Power Generation Division. “Our H-class
gas turbines mean that Pennsylvanians will have a cost-efficient,
environmentally friendly electric power supply for many years to come.”

The H-class technology in a single-shaft configuration, used in the Patriot
and Liberty power stations, means that both the gas turbine and steam turbine
are arranged on one shaft and drive the same generator. This design offers
economic advantages thanks to their low investment costs, excellent efficiency
and a high degree of flexibility during operation. Together, they will be able
to supply up to two million homes with clean power.

Patriot, which will fire local Marcellus shale gas, will have an electrical
generating capacity of 829 megawatts (MW) in combined-cycle duty. Like its
sister plant, Liberty, Patriot will consist of two SGT6-8000H gas turbines,
two SST6-5000 steam turbines, two hydrogen-cooled SGen6-2000H generators, and
two heat recovery steam generators, along with the complete electrical system
and SPPA-T3000 instrumentation and control system. In addition, Siemens will
provide maintenance and service for the main components associated with the
gas turbine under a long term service program. Parts, inspections, and
scheduled service/maintenance, along with Siemens’ Power Diagnostics™ remote
monitoring and diagnostics, are included in the comprehensive service
agreement.

"This is the fifth time in 17 months that Panda has chosen to use Siemens'
advanced technology for our power projects," said Todd Carter, senior partner
and president of Panda Power Funds. "We continue to be impressed with their
market solutions, technological capabilities and service."

The gas turbines and generators will be manufactured at Siemens’ manufacturing
plant in Charlotte, North Carolina. As with other recently closed Panda
projects, the US affiliate of Siemens Financial Services (SFS) is funding a
loan of USD 75 million for the Patriot power plant project. SFS’s involvement
demonstrates confidence in both Panda Power Funds and the Siemens technology
utilized for the project.

The total value of the contract, which includes a long-term maintenance and
service contract, is approximately $400 million. With this order, Siemens has
sold 27 H-class gas turbines worldwide. The complete power plant will be built
by Gemma-Lane Patriot Partners, a leading Engineering, Procurement, and
Construction (EPC) contractor in the U.S.

Highly efficient combined-cycle power plants are part of Siemens’
Environmental Portfolio. In fiscal year 2012, revenue from the Portfolio
totaled some €33 billion, making Siemens one of the world’s largest suppliers
of ecofriendly technologies. In the same period, Siemens products and
solutions enabled customers to reduce their carbon dioxide (CO[2]) emissions
by more than 330 million tons, an amount equal to the total annual CO[2]
emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore
and Tokyo.

This press release and a related press photo can be found at
www.siemens.com/press/pi/EP201312016e

For further information on the SGT6-8000H gas turbine, please see
www.siemens.com/energy/SGT6-8000H

Follow us on Twitter at: www.twitter.com/siemens_press

The Siemens Energy Sector is the world’s leading supplier of a broad spectrum
of products, services and solutions for power generation in thermal power
plants and using renewables, power transmission in grids and for the
extraction, processing and transport of oil and gas. In fiscal 2013 (ended
September 30), the Energy Sector had revenues of EUR26.6 billion and received
new orders totaling approximately EUR28.8 billion and posted a profit of
approximately EUR2 billion. On September 30, 2013, the Energy Sector had a
work force of approximately 83,500. Further information is available at:
www.siemens.com/energy.

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Contact:

For journalists:
Siemens
Claire Hassett, 202-730-1012
claire.hassett@siemens.com