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. Last Updated: 07/27/2016

Siemens Wins Order

MUNICH, Germany () -- Germany's Siemens AG said Tuesday its KWU unit and ABB unit ABB Kraftwerke AG had won an order from Ukraine worth 130 million marks to upgrade a coal-fired generating plant.

Siemens said in a statement the companies would upgrade the Zmiev power plant 50 kilometers southeast of Kharkov to 325 megawatts capacity from the current 270 megawatts.

It said the project was receiving political support from Germany in the form of Hermes export insurance coverage. German Chancellor Helmut Kohl is currently visiting Ukraine.