Siemens wins EUR 120 mln order in Abu Dhabi
Siemens wins order worth about 120 million euros from TRANSCO
Munich – Siemens Power Transmission and Distribution (PTD) has been awarded an order by TRANSCO (Abu Dhabi Transmission & Dispatch Company) for the delivering of a turnkey substation. The order is worth about 120 million euros. In addition to construction of the substation for the power supply on Saadiyat Island, which is situated 500 meters off the coast of Abu Dhabi, the contract comprises engineering and commissioning. The substation is scheduled to go into operation at the End of 2008.
The infrastructure of the island which has an area of about 27 square kilometers (10.5 square miles) is due to be fully developed by 2018 in what is currently one of the most important ongoing infrastructure projects in the Emirate of Abu Dhabi, with a total investment volume of about US$ 27 billion. The three-phase development project will transform Saadiyat Island into a tourism center with accommodations for about 150,000 future residents. Scheduled are 8000 private houses, 38,000 apartments and 29 hotels with over 7,000 rooms. The turnkey substation will play a central role in supplying the power needed on the island.
The Siemens Power Transmission and Distribution Group (PTD), headquartered in Erlangen, Germany, is one of the leading global players in its market sector. As a product supplier, system integrator, solution designer and service provider, Siemens PTD ensures – for utilities and industry alike – the efficient and reliable transmission of electrical energy from the power plant to the consumer. With a worldwide workforce of about 27,500 and operations in more than 100 countries, PTD had sales of 6.5 billion euros in fiscal 2006. Further information at: www.siemens.com/ptd