EnBW Unit to Invest in World’s ‘Most Efficient’ Gas Power Plant

Stadtwerke Dusseldorf, a unit of the third-largest Germany utility, will pay 500 million euros ($630 million) for the world’s “most efficient” gas power station.

The 595-megawatt Dusseldorf plant, to be built by Siemens AG, will begin commercial operation early 2016, Udo Brockmeier, management board chairman of EnBW AG’s subsidiary, said today.

“Conventional power plants will be indispensable in the long term,” EnBW Chief Executive Officer Hans-Peter Villis said. He expects the power station to run 5,000 hours a year.

The plant will be “the world’s most efficient natural gas power station,” according to the 54.95 percent-held subsidiary. Efficiency will be more than 61 percent for power generation and about 85 percent for power-heat co-generation, Brockmeier said.

To contact the reporter on this story: Tino Andresen in Dusseldorf at tandresen1@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.