Siemens to set up power project in Qatari housing project
08 Oct 2009
A consortium of Siemens Ltd. and Siemens AG has won an export order worth Rs 403 crore from Ezdan Real Estate QSC, Doha, Qatar.
The contract value for Siemens Ltd. is Rs342 crore and Rs. 61 crore for Siemens AG. The project is scheduled to be commissioned by January 2011.
The scope of work for this project includes designing, engineering, installation and commissioning of substations and associated electrical network.
Siemens energy sector will construct a new 220/66kV and three 66/11kV substations along with associated electrical networks at Ezdan International housing project at Wukhair area, Qatar.
The Siemens energy sector is the world's leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2008 (ended September 30), the Energy Sector had revenues of approximately Rs. 42.3 billion and profits stood at Rs. 3 billion.
Commenting on the order, A K Dixit, CEO, energy sector, Siemens Ltd, said, ''We are happy to be part of such a prestigious project where we can showcase the versatility of our world-class solutions and innovative products for the energy sector. We have been focusing on leveraging emerging opportunities in the high growth Gulf market and this order is a testimony to our successful track record in this region.''
Siemens Ltd. is the flagship listed company in India. Siemens in India, which comprises 20 legal entities, is a leading provider of industry and infrastructure solutions with a business volume aggregating about Rs11,800 crore, as on September 2008. It operates in the core business areas of industry, energy and healthcare. 19 manufacturing plants.
