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Enersense SIA and Siemens Energy formed a joint venture to supply and install three synchronous condensers for Latvian TSO Augstsprieguma Tikls, with a contract value of EUR 114 million.
“the joint venture was formed to supply and install three synchronous condensers for Latvian transmission system operator Augstsprieguma Tikls”ceelegalmatters.com
Summarized from public sources; check the original articles before acting on it.