A consortium of India's Siemens Ltd and Siemens AG, Germany, has been awarded a mega contract worth Rs40 billion (Rs4,000 crore / around $891 million) by the Qatar General Electricity and Water Corporation (Kahramaa) for the Phase VII development of the electrical grid in Qatar. This contract is a repeat order from the corporation.
This is the largest order ever for Siemen's global power transmission and distribution (PTD) business.
In the last financial year as well, Siemens had been awarded two contracts worth Rs26 billion (Rs2,600 crore / $579 million) by Kahramaa, of which Siemens Ltd has already commissioned Phase V and is currently executing Phase VI.
The scope of the mega contract is to supply 25 new substations of 220kV/132kV/66kV voltages in addition to the extension of 14 sub stations and renovation of another 10, all of which will be fitted with cutting-edge electrical power equipments and sub station automation systems supplied in-house by Siemens. These stations will be unmanned and controlled by the central load dispatch centre. This order is a fast track project and is slated to be completed in 22 months.
The Indian company's power transmission and distribution division will handle the bulk of the work and earn the bulk of the revenue - around approximately Rs36 billion (Rs3,600 crore / $802 million)
"This export order, the largest in Siemens PTD Worldwide, highlights the inherent strengths and capabilities of Siemens India," said J Schubert, managing director, Siemens Ltd. He also said, "Over the years, we have understood our customer's needs, as well as the specific regional requirements. We are once again very happy to partner with Kahramaa in development of Qatar''s transmission network. This win undoubtedly takes us into the global league as a strong and established player in the area of transmission and distribution."
Accoring to Harminder Singh, director, Siemens Ltd and head of power business in India, "While the Siemens India power transmission and distribution division will play a major role in the execution of the order, we have specialists and managers from all over the world working seamlessly together in teams to ensure that project runs completely on schedule, without any compromises. We are very proud that we have been able to bag the biggest order for Siemens PTD worldwide, as well as for Siemens in India."
Siemens' power transmission and distribution division in India provides products, systems and solutions in the area of medium-voltage and high-voltage switchgear, medium voltage switchboards, high voltage substations, production system, substation automation and power system control and energy management systems.
The contract value for Siemens Ltd is Rs 36,000 Million. This order is a fast track project and is slated to be completed in a time span of 22 months.