Under the contract, Siemens will cooperate with the Turkish company ENKA to build the 495MW combined cycle power plant on a turnkey basis.

The scope of the contract includes the delivery of two SGT5-2000? gas turbines, one SST-600 steam turbine and the corresponding power distribution systems as well as a 13-year service agreement, which is planned to be signed at a later date.

TAIF CEO Albert Shigaboutdinov said: "The need to implement our own power generation construction project for Nizhnekamskneftekhim industrial production is due to the year-on-year increase in power consumption against the background of production expansion and the launch of new hydrocarbon processing facilities as well as the annual increase in power and capacity purchase costs.

“I would like to specifically mention that the newly launched power plant will run on associated gas derivatives – that is, byproducts from Nizhnekamskneftekhim production processes."

Planned to be commissioned in May 2021, the power plant will have the ability to fire syngas, which is a byproduct of Nizhnekamskneftekhim’s petrochemical production.

Siemens Russia CEO Dietrich Moeller said:"One highlight of this power plant is its ability to fire syngas – a byproduct of our customer's petrochemical production. Syngas firing will also cut operating costs substantially.

"Leveraging our extensive experience and advanced technologies, we're going to construct a modern power plant that will provide secure, reliable and efficient power for the production facilities of Nizhnekamskneftekhim."

Recently, Siemens received €700m engineering procurement and construction contracts by the state-owned utility General Electricity Company of Libya (GECOL) to build 1.3GW of power generation plants in the country.

Under the contract, Siemens will be responsible for the construction of the a 650MW open cycle power plant in Misrata as well as 690MW open cycle power plant in Tripoli West.