Vision 2020

Siemens will spin off and give up its majority stake in its lucrative Gas and Power division—comprising its conventional power generation, power transmission, oil and gas, and related services businesses—and transfer its current majority 59% stake in Siemens Gamesa Renewable Energy (SGRE) to the new business. The company’s supervisory board announced the spinoff on May 7 […]

Oman recently began operating a Wärtsilä-built power plant in the northern part of the country, part of more than $1 billion in power and energy projects being developed in the Arab nation. The Musandam Independent Power Project (IPP) is a 120-MW natural gas-fired plant (Figure 1) that can use light fuel oil as a secondary […]