Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Siemens bags $253m contract from Kahramaa  Join our daily free Newsletter

MENAFN - The Peninsula - 04/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Siemens, the German technology giant, has bagged a QR920m (253m) contract from the Qatar General Electricity and Water Corporation (Kahramaa) for construction of nine turnkey substations for Phase 11 of Kahramaa's Qatar Power Transmission System Expansion project.



The utility provider's expansion project aims to ensure stable power supply to all sectors including households, business centres, shopping malls, hospitals and schools throughout the capital city Doha and its suburbs.



"Siemens has been a long-standing partner to Kahramaa and this contract strengthens our cooperation further," said Bernhard Fonseka, CEO of Siemens Qatar.



"This project will contribute to improving the power infrastructure in and around Doha, helping the government meet its requirements for achieving its National Vision 2030," he said



Under the contract, Siemens will provide gas-insulated switchgears (GIS), with voltages including 220kV, 132kV and 66kV, for the first stage of the Phase 11 expansion.



Siemens is scheduled to complete the project within 26 months from the award date



Since 2005, Siemens has provided substations for phases V, VI, VII, IX and X of Kahramaa's ambitious project to expand its power supply system.



The expansion plan is devised to meet the growing demand for electricity in Qatar, as the country ntinues to witness tremendous development and urbanisation. As of June 2013, Siemens had close to 2,000 high-voltage GIS bays installed in Qatar.




"Once again, Siemens presents efficient power transmission solutions that act as the cornerstone of sustainable and eco-friendly energy systems," said Nebojsa Ku-jovic, General Manager of the Power Transmission Division at Siemens Qatar. "By providing switchgear designed to the highest levels of quality, our technology ensures meeting all our customers' requirements of performance and efficiency.



Qatar bought a 2.4bn (3.1bn) stake in Siemens, Germany's second most valuable company, in 2012. The Siemens Energy Sector is the world's leading supplier of a broad spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extrac-tion, processing and transport of oil and gas



In fiscal 2013 (ended September 30), the Energy Sector had revenues of EUR26.6 billion and received new orders totaling approximately EUR28.8 billion and posted a profit of approxi-mately EUR2 billion



Qatar's wealth, mostly generated from gas exports, has spurred a population and construction boom over the last decade. The tiny Gulf state's plan to host the World Cup soccer competition in 2022 is expected to put further strain on Doha's power supplies


 


The Peninsula




  MENA News Headlines
 Jun 25 2016 - Jordan to sign deal with EU for energy projects at USD101.51mnMENAFN
(MENAFN) Jordan will sign a deal with the EU granting the kingdom almost USD101.51mn in order to support renewable energy projects.Furthemore, the grant will fund the second phase of the renewable ...

 Jun 25 2016 - Egypt's rubber exports decline by 29 percentMENAFN
(MENAFN) Egypt's exports of rubber dropped by 29 percent to USD16.5mn in Jan-March period of this year against USD23.08mn of 2015.Accordingly, almost 10 companies captured 99.2 percent of whole ...

 Jun 25 2016 - Qatar Exchange to develop ties with regional univirsitiesMENAFN
(MENAFN) Qatar Exchange will enhance and spread its collaboration with local institutions of higher studies, involving leading univrsities and colleges.Moreover, the collaboration will be by ...

 Jun 24 2016 - Chinese tornado death toll hits 98Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) TOKYO, June 24 (KUNA) -- Death toll of the tornado and hailstorms in east China''s Jiangsu Province has climbed to 98, state-run Xinhua News Agency reported ...

 Jun 24 2016 - UK has voted by 52% to 48% to leave European Union -- BBCKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) LONDON, June 24 (KUNA) -- The UK has voted by 52% to 48% to leave the European Union after 43 years in an historic referendum, acording to the BBC. London and ...

 Jun 24 2016 - Spain heads to fresh parliamentary polls amid political uncertaintyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Hanadi Watfa MADRID, June 24 (KUNA) -- The Spaniards are to go to the polls on June 26 for the second time in less than one year though the political scene ...

 Jun 24 2016 - Kuwait fire fighters work throughout the year including RamadanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Hammad Al-Mutairi KUWAIT, June 24 (KUNA) -- Personnel of the Kuwait Fire Service Directorate (KFSD) work hard throughout the year including the fasting ...

 Jun 24 2016 - Washington hotel lays historic claim to longtime political practice of lobbyingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Photo feature by Ronald Baygents WASHINGTON, June 24 (KUNA) -- Tourists and Washington residents who visit the lobby of the downtown Willard Hotel can find a ...

 Jun 24 2016 - Kuwait- Amiri Diwan Affairs Minister receives former Azhar Uni. headKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, June 24 (KUNA) -- Minister of the Amiri Diwan Affairs Sheikh Nasser Sabah Al-Ahmad Al-Jaber Al-Sabah received Friday member of Al-Azhar''s supreme ...

 Jun 24 2016 - Tusk: Not a moment for hysterical reactionsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, June 24 (KUNA) -- President of the European Council Donald Tusk, in a first reaction to the Brexit, said on Friday the 27 EU leaders are determined to ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help