Siemens is participating in the development of two ecofriendly combined-cycle power plants – one in the German state of Brandenburg and the other in Hungary. The project has a total value of roughly €1.5 billion and will employ up to about 1,000 people in the Wustermark region of Brandenburg as well as in the Hungarian city of Szeged during the three-year construction period. Once in operation, each location will provide jobs for about 50 highly qualified personnel on a long-term basis.
As part of the project to develop the two power plants, Siemens has – via its equity company Siemens Project Ventures GmbH – acquired 50 percent stakes in each of the two project companies of …