SOURCE: Industrial Info Resources

April 24, 2008 05:00 ET

Major Slice of RWE's $47 Billion Power Investment Going International, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 24, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- German power utility RWE AG (Essen) is planning to invest $47 billion through 2013. The majority of the money will go toward expanding the company's international project base, and the remainder will be spent to increase the efficiency of plants in Germany, where the company's main focus will remain. The company's international endeavors include a contract worth $157 million with Siemens (NYSE:SI) (Munich, Germany) for 33 2.3-megawatt wind turbines for projects in Suwalki and Tychowo in Poland.

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