Contracts Awarded | August 2013
Siemens bags 2 orders of Rs 144 crore from Bangladesh
Siemens Ltd has won two contracts worth Rs 144 crore for improving power distribution from Rural Electrification Board of Bangladesh. The order is to construct 38 new substations and the plant would be located in the Rajshahi Barisal zones in western Bangladesh. The projects involve installing new and improving existing distribution facilities in the rural region west of Jamuna river. "Projects in rural electrification play a crucial role in not only upgrading the existing system, but also brings in our expertise towards a sustainable solution for the energy network," said Tilak Raj Seth, Executive Vice President Infrastructure & Cities, South Asia, Siemens Ltd.
The projects are funded by Japan Bank for International Cooperation Agency (JICA) and are to be delivered on a turnkey basis. The company aims to achieve an efficient power supply by reducing power distribution losses, strengthening and stabilising the power supply system, thereby contributing to the progress and economic development in the neighbouring nation.