Under the €360m contract, awarded by GS Engineering & Construction (GS E&C), Siemens will supply H-class gas turbine technology for the power plant, which is being constructed by GS Electric Power and Services (GS EPS).

Expected to commence operations in summer of 2017, the Dangjin 4 natural gas-fired power facility will attain an efficiency level above 60% and can supply eco-friendly electricity to more than 900,000 people.

Siemens will deliver two gas turbine SGT6-8000H models, one SST6-5000 steam turbine with its condenser, three SGen6-2000H generators, two heat recovery steam generators, as well as electrical components and the SPPA-T3000 instrumentation and control system for the Dangjin 4 facility.

The company will also provide long-term service to the plant, as part of the contract.

Siemens Energy Solutions president and CEO Rochus Bergmann said: "Since South Korea imports nearly its entire demand for gas in the form of liquid natural gas, the efficiency of gas-fired power plants plays a crucial role for the country.

"This is why many utilities opt for an H-class-technology solution by Siemens."