Siemens Wins Rs.1144 Cr. Substation Contracts From Bangladesh
Siemens Ltd. has won two contracts aggregating to 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.
Siemens Executive Vice President and Sector Cluster Lead, Infrastructure & Cities, South Asia Tilak Raj Seth said, “We are glad that the Rural Electrification Board, Bangladesh, has opted for our reliable, world-class, field-proven products and technologies. Projects in rural electrification play a crucial role in not only upgrading the existing system but bringing in our expertise towards a sustainable solution for the energy network.”