Siemens to build power plant for Nizhnekamsk

Tatarstan, Russia – PJSC Nizhnekamskneftekhim has signed an agreement with Germany’s Siemens AG for the construction of a combined-cycle power plant with a capacity of 495 MW.

The Russian rubber manufacturer said 17 Dec that the deal was signed in Munich in the presence of the president of Tatarstan Rustam Minnikhanov.

Explaining the rationale behind the investment, the company said the need for the “own power plant” was due to growing annual energy consumption.

The company expects its consumption to grow as a result of capacity expansions and…

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