Siemens bags Rs 104-cr contract in Bangladesh

Siemens Ltd, a flagship company of Siemens AG, today said it has bagged a Rs 104.4 crore contract from the Bangladesh Steels Re-Rolling Mills (BSRM) to build a gas insulated switchgear substation.

"This is the first private sector-funded GIS substation project and the largest order size in the GIS segment in Bangladesh," the company said in a statement.

Under the contract, Siemens' energy sector will be implementing the project on a turnkey basis, it said.

"Together with the 230kV/33kV GIS, Siemens will also provide high-performance, reliable, cost-competitive and energy-efficient technologies such as control relay panels and a substation automation system," the release said.

The project is expected to be commissioned in 15 months.

BSRM will be utilising the GIS substation to provide uninterrupted power to its new 1-MTPA steel plant, it said.

"It is a breakthrough for Siemens in the private sector in Bangladesh. With this project we intend to create a benchmark for future power projects in this country. Power is the need of the hour in Bangladesh, like in the rest of South Asia, and we are confident that Siemens technologies will form the backbone of the power infrastructure in the country," Siemens South Asia Sector Cluster Lead - Energy Sector A K Dixit said.