Siemens wins $108m Saudi power deal

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Global power giant Siemens has been awarded an EUR81m ($108m) turnkey contract from Saudi Electricity Company (SEC) for a new high-voltage substation that will help Jeddah's power grid to cater for rapidly increasing electricity demand.

Under the terms of the contract, Siemens will be responsible for the design, engineering, construction, testing and commissioning the new substation, including the supply of power transformers, switchgear and protection and telecommunication systems, and the associated civil engineering and construction works.

"This latest contract award from SEC is testament to the confidence placed in Siemens as a turnkey supplier of innovative infrastructure solutions," said Wolfgang Braun, head of Power Transmission, Siemens Middle East.

"Saudi Arabia is experiencing unprecedented growth and Siemens is proud to be a reliable and trusted partner to the Saudi Electricity Company, as it continues the expansion of a safe, dependable and efficient power grid for the kingdom," he added.

Siemens has a long-standing relationship with SEC, and has previously completed a number of power transmission and distribution projects in the kingdom.

Siemens said its technology currently transmits and distributes a third of the power used in Saudi Arabia.

"With projects like this latest substation award we are committed to supporting Saudi Arabia's growing population and industry," said Arja Talakar, CEO, Siemens Saudi Arabia.

"We have a lengthy local history in the kingdom and this translates directly into an ability to provide the right technology at the right time for the advancement of Saudi Arabia's urban and industrial infrastructure.

"Saudi Arabia has a very clear vision for its future and it is through the pillars of education, knowledge transfer and innovation that Siemens will continue to be a driving force in the development of a sustainable future for the kingdom."

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Back in business

Back in business

Iran’s tankers are back on the oceans as sanctions on the Islamic...

A new future for Saudi Arabia?

A new future for Saudi Arabia?

The vast Wadd Al Shimal phosphate mine in the north of Saudi...

Will shale shake the Middle East?

Will shale shake the Middle East?

The debate over shale’s impact on the GCC continues. Will this...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams