Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Siemens Ltd
  6. News
  7. Summary
    SIEMENS   INE003A01024

SIEMENS LTD

(SIEMENS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

China's SPIC slashes Brazil hydro output, launches natgas plant amid drought

09/21/2021 | 01:20pm EDT

BRASILIA, Sept 21 (Reuters) - China's State Power Investment Corp (SPIC) is operating only three or four of its six turbines at its Sao Simao hydroelectric dam in Brazil each day, the chief executive of its Brazilian unit told Reuters on Tuesday, as a record drought roils the energy sector.

Water inflows at Brazil's hydroelectric plants during the 2020-2021 rainy season were the lowest in 91 years, according to the Mines and Energy Ministry, with relief set to come only when rains likely return in November.

SPIC Brasil Chief Executive Adriana Waltrick said that a natural gas power plant, GNA, was launched last week, in which the company is one of several investors, and its 1.3 gigawatt capacity is being put to full use immediately to help offset the nationwide decline in hydro output.

Waltrick said she foresees potential operational difficulties ahead but that there is little chance that water rationing will be necessary, citing improvements in the overall electric system since the last major drought that required rationing.

"It is possible there will be some difficulties in the system's peak (usage) periods. We think that there is low probability of rationing depending on rains from now until the end of November," she said.

Climate change, and the resulting increased risk of extreme weather events like the drought, means the electric sector needs to change the way it operates, Waltrick said.

That includes increasing solar and wind output, but hybrid models - such as integrating hydro plants with solar panels and batteries - are also needed, she said.

SPIC Brasil is additionally exploring hydrogen fuel technology in the country.

The company plans to continue expanding in natural gas, with the second phase of the GNA project to launch in 2025 and two further phases of expansion to depend on federal energy auctions. SPIC holds a 33% stake in the project in partnership with BP, Siemens and Prumo Logistica.

(Reporting by Jake Spring in Brasilia Editing by Matthew Lewis)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BP PLC 1.65% 363.6 Delayed Quote.42.70%
SIEMENS AG 0.14% 141.26 Delayed Quote.20.20%
SIEMENS LTD 0.89% 2269.35 Delayed Quote.44.04%
All news about SIEMENS LTD
09/30SIEMENS : C&S Electric Limited – Audited Financial Statements – FY ended 31.03..
PU
09/21China's SPIC slashes Brazil hydro output, launches natgas plant amid drought
RE
09/20SIEMENS : Nomura Starts Siemens at Neutral With 2,355 Indian Rupees Price Target
MT
08/24SIEMENS : CCI Rejects Allegations Of Anti-Competitive Behaviour Against Siemens
AQ
08/16SIEMENS LIMITED : receives CERT-In empanelment for providing Information Security Auditing..
AQ
08/13SIEMENS : receives CERT-In empanelment for providing Information Security Auditing Service
PU
08/10SIEMENS : Quarterly Reporting Document
PU
08/10SIEMENS : announces Q3 FY 2021 results
PU
08/10Siemens Limited Reports Earnings Results for the Third Quarter Ended June 30, 2021
CI
07/20EQS-NEWS : Belimo Holding AG: Dr. Adrian Staufer to become the new Head of Group Division ..
DJ
More news
Analyst Recommendations on SIEMENS LTD
More recommendations
Financials
Sales 2021 130 B 1 730 M 1 730 M
Net income 2021 11 319 M 151 M 151 M
Net cash 2021 49 405 M 659 M 659 M
P/E ratio 2021 71,8x
Yield 2021 0,38%
Capitalization 808 B 10 775 M 10 774 M
EV / Sales 2021 5,85x
EV / Sales 2022 4,98x
Nbr of Employees 9 258
Free-Float 24,8%
Chart SIEMENS LTD
Duration : Period :
Siemens Ltd Technical Analysis Chart | SIEMENS | INE003A01024 | MarketScreener
Technical analysis trends SIEMENS LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 2 269,35 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Sunil Dass Mathur Chief Executive Officer, MD & Executive Director
Daniel Gerold Spindler Chief Financial Officer & Executive Director
Deepak Shantilal Parekh Non-Executive Chairman
Ketan Nandakishor Thaker Secretary & Compliance Officer
Mehernosh Behram Kapadia Independent Non-Executive Director
Sector and Competitors