Siemens Energy exits coal; India entity not to see much impact in business

Company, which is part of Siemens Ltd, said it would discontinue support for development of new coal- fired power plants.

Germany’s Siemens Energy said on Tuesday it would not take up new projects supporting coal-fired power stations in India, following USA's General Electric in announcing a no-coal strategy globally.

Siemens Energy builds steam turbines for power plants, but that business is not big for it in India. Siemens Energy, which is part of Siemens Ltd, said it would discontinue support for development of new coal- fired power plants. 

The company would continue to offer bridging technologies like gas-fired plants and components for efficient combined heat and power (CHP), waste heat and biomass co-firing projects as also continue its CO2-reducing service