An Artifical Island Powers Up

Siemens and Samsung will be investing around $650 million into a 785 megawatt power plant in Singapore, scheduled for completion in 2010.

Singapore's Island Power Company, which is owned by Massachusetts-based Intergen, has awarded a contract to to Germany-based Siemens Power Generation to build a power plant on Jurong Island, a man-made island in Singapore. South Korea-based Samsung will supply the main auxiliary systems and perform civil and assembly work.

Jurong Island, which was created in by developers, oil companies, and marketers in the 90's, is home to over 88 petroleum and chemical companies.

Sources: JTC Corporation, Industrial Info Resources, Forbes,