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Wednesday, November 22, 2006

Siemens wins major order worth 700 million euros from Qatar for the further expansion and modification of the power supply system

As part of the further expansion of the power supply system in Qatar, Siemens Power Transmission and Distribution (PTD) has been awarded a large order worth over 700 million euros by Qatar General Electricity & Water Corporation (Kahramaa). For Siemens PTD, this is the largest order in the Group’s history. The order comprises the delivery of 25 turnkey substations, the expansion of 14 existing substations and the modification of ten more. The project is scheduled for completion by February 2009.
“For Siemens PTD, this is not only the largest order in the Group’s history. Furthermore this is a highly challenging project in which nearly all of our products and systems will be employed. It also extremely demanding in terms of project management since several substations will have to be constructed in parallel within a very short time,” said Dr. Udo Niehage, President of the Siemens Power Transmission and Distribution Group (PTD).

Siemens is implementing the order as part of the “Qatar Power Transmission System Expansion – Phase VII” project currently running in Qatar. The substations are to be built in the cities of Doha, Ras Laffan, Maesaeed and spread all over the country.

This is not the first major order that Siemens PTD has received from Qatar in the course of the country’s ambitious project to expand its power supply system. Since November 2005, the company received several orders to a value of about 600 million euros for the delivery of turnkey transformer substations.

Within a few decades, Qatar has developed into a modern state with a high standard of living matched by growing energy requirements. The peninsula on the Persian Gulf, with its abundant petroleum and natural gas reserves, posts double-digit economic growth rates and invests continuously in the country’s infrastructure.

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