Siemens signs USD38 million contract with Qatar Steel for high-voltage substation

Under the terms of the contract Siemens is 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 Sie-mens as a turnkey supplier of innovative infrastructure solutions," said Wolfgang Braun, Head of Power Transmission, Siemens Middle East. "Saudi Arabia is experi-encing 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.

Siemens has a long-standing relationship with SEC, and has previously completed a number of power transmission and distribution projects in the Kingdom, including Qassim-2 BSP, PP-9 and PP-10. Active in the country for more than 80 years con-tributing expertise, technology and knowhow from each of the company's main sec-tors, Siemens technology currently transmits and distributes a third of the power used in the Kingdom.

"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 edu-cation, knowledge transfer and innovation that Siemens will continue to be a driving force in the development of a sustainable future for the Kingdom.".

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 165 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world's largest provider of environmental technologies. Around 40 percent of its total revenue stems from green products and solutions. In fiscal 2012, which ended on September 30, 2012, revenue from continuing operations totaled €78.3 billion and income from continuing operations €5.2 billion. At the end of September 2012, Siemens had around 370,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: www.siemens.com.