Siemens to build BASF power plant

German engineer Siemens AG has won a EUR 230 million contract to build a gas turbine power plant for the Antwerp site of chemicals group BASF AG.

BASF power station in Antwerp

RWE AG, Germany's biggest energy group, and Electrabel SA, the Belgian energy provider, have signed a contract with BASF AG, Germany's second biggest pharmaceuticals group, for the construction of a power station in Antwerp. The plant is scheduled for completion in 2004. RWE announced yesterday that it would invest EUR 200 million together with its Belgian partner.