Siemens expands power supply network of Dubai - Order worth about EUR 200 million
The transformer substations that Siemens is building in the city of Dubai will supply electric power to new infrastructure projects. "With our global expertise and innovative and efficient power supply solutions, we contribute to advance the most ambitious projects in Dubai," said Udo Niehage, CEO of the Power Transmission Division in Siemens Energy Sector. The steady increase in population and thriving trade, industry and tourism are currently driving up power consumption in the United Arab Emirates at an annual rate of about ten percent - more than double the average global growth rate.
This order is another milestone in Siemens Energy's successful business in the Gulf region. Over the past few years, Dubai alone has placed orders for 50 turnkey transformer substations. Just recently the infrastructure developer Tatweer commissioned Siemens with delivery of four turnkey high voltage substations for the planned Dubailand theme park. This order had a total volume of about EUR 95 million. Siemens Energy is involved in practically all major projects in the Emirate with its power supply solutions, including the Burj Dubai skyscraper, the Dubai Waterfront coastal development project and the three artificial Palm Islands.
About Siemens AG Power Distribution Division und Power Transmission Division
The Siemens Energy Sector is the world's leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2008 (ended September 30), the Energy Sector had revenues of approximately EUR22.6 billion and received new orders totaling approximately EUR33.4 billion and posted a profit of EUR1.4 billion. On September 30, 2008, the Energy Sector had a work force of approximately 83,500. Further information is available at: www.siemens.com/energy.