July 2 (Bloomberg) -- 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.
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