German giant wins $109m UAE power deal

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German engineering giant Siemens announced on Wednesday that it has signed a AED400m ($109m) contract to build a new substation in Abu Dhabi.

The company said the new facility will help meet an increase in load electricity demand for new infrastructure and industrial areas in the eastern region of the emirate.

Under the contract, Siemens will build the Shamkha 400/132/33kV substation on a turnkey basis for Abu Dhabi Transmission & Dispatch Company (Transco), which is fully-owned by Abu Dhabi Water & Electricity Authority (ADWEA).

The deal follows last year's signing of a contract with Transco for the construction of the 400kV Mahawi substation, the first of its kind to be developed solely by Siemens in the UAE.

Wolfgang Braun, head of Siemens Power Transmission Middle East, said: "The award of Shamkha substation by Transco further strengthens our strong and long-standing ties with the company and demonstrates the faith the company places in Siemens to deliver challenging projects of high quality and on time."

Siemens Energy Sector posted revenues of EUR24.9bn in the last year, received new orders totalling EUR31.8bn and posted a profit of EUR3.9bn.

Siemens had around 360,000 employees worldwide on the basis of continuing operations at the end of September.

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