Siemens surges on winning two contracts worth Rs 144 crore

Siemens has won two contracts aggregating Rs 144 crore from the Rural Electrification Board, Bangladesh to construct 38 new 33/11kV substations. The projects are funded by Japan Bank for International Cooperation Agency (JICA) and are to be delivered on a turnkey basis. The substations would be located in the Rajshahi and Barisal zones in western Bangladesh.   The projects involve installing new and improving existing distribution facilities in the rural region west of Jamuna River. They aim to achieve an efficient power supply by reducing power distribution losses, strengthening and stabilizing the power supply system, thereby contributing to the progress and the economic development of western Bangladesh. In addition, the projects will contribute to reducing the impact of global warming by improving the efficiency of depreciated power distribution facilities.

The Rural Electrification Board of Bangladesh has been providing service to rural consumers for over 30 years by expanding and providing electricity to households, businesses and industries in Bangladesh. These orders that have been awarded to Siemens are a further milestone in the successful business conducted by Siemens in Bangladesh, where power demand continues to rise.

The Siemens Group in India has emerged as a leading inventor, innovator and implementer of leading-edge technology enabled solutions operating in the core business segments of Industry, Energy and Healthcare.