// IP Marketing video - START// IP Marketing video - END

Siemens to build $450 million wind farm in Australia

Siemens to build $450 million wind farm in Australia

PanARMENIAN.Net - German engineering company Siemens says it has secured its first contract to build a major wind farm in Australia — a facility that will supply electricity to some 180,000 homes in the country's south, AP said.

The New Zealand-based Trust Power utility will operate the 90 wind turbines some 87 miles (140 kilometers) north of Adelaide. It said Wednesday the cost of the Snowtown II project totals 439 million Australian dollars ($448 million).

Siemens, which itself gave no details of the deal's value, said the wind turbines with a total power generating capacity of 270 megawatts will be operational by 2014.

 Top stories
The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects.
Gazprom supplies gas to Armenia through Georgia, but the transit agreement expires at the end of 2016, and Gazprom is keen to reduce the fee.
A proposal made at a Cabinet session suggested that the watchdog apply differentiated rates for natural gas and electricity.
The M6 highway is a vital link connecting Armenia with Georgia and beyond, providing the shortest link between the respective capitals.
Partner news