Siemens wins EUR350 million long-term power plant service contracts in Dubai

Erlangen, (PresseBox) - Siemens Energy has been awarded long-term contracts for Dubai Electricity and Water Authority's (DEWA) newest power station in operation, the Jebel Ali M-Station. With a secured combined order value of approximately EUR350 million (USD450 million), the twelve-year service and parts contracts represent one of Siemens' largest service agreements in the region. The agreement includes the option for an extension of the service period. Jebel Ali M-Station is a 2,000 megawatts combined-cycle power plant and a 140 million imperial gallons per day desalination plant and is located in Dubai. The power station began commercial operation earlier this year with a power generation capacity to supply approximately one million households in Dubai with clean power generated by highly efficient gas turbines.

Under the Long-Term Program (LTP), Siemens Energy will provide comprehensive maintenance services for the six Siemens SGT5-4000F turbines and six SGen5-1000A series generators, which are installed in the plant. "We are pleased to announce this contract with DEWA, one of our most important customers in the Middle East. DEWA is committed to operating its plants with the highest efficiency and lowest operating costs, and we are honored they chose Siemens as their partner for this long-term service agreement, which is aligned to meet their high standards for plant operations," said Randy Zwirn, CEO of the Energy Service Division within the Energy Sector. "The Middle East is a region of high importance for Siemens Energy and a prime market that helps us sustain strong growth in our global Service business."

Siemens AG Energy Sector

The Siemens Energy Sector is the world's leading supplier of a complete spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, processing and transport of oil and gas. In fiscal 2011 (ended September 30), the Energy Sector had revenues of EUR24.9 billion and received new orders totaling approximately EUR31.8 billion and posted a profit of EUR3.9 billion. On October 1, 2011, the Energy Sector had a work force of more than 82,000. Further information is available at: www.siemens.com/energy.

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