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Siemens signs EUR100 million power maintenance, upgrade contracts in Libya
 
 
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Projects will ensure reliability, efficiency of two key Libyan power plants Upgrades to existing infrastructure bring new technology to mature fleets Awards demonstrate Siemens continuing support of Libya's reconstruction

Siemens , the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and healthcare sectors, has been awarded a series of contracts in Libya with a combined value of EUR100 million for the inspection, service, upgrade and maintenance of two existing power plants, ensuring reliable and efficient power supplies to the cities of Khoms and Ruwais.

Awarded by the General Electricity Company of Libya ( GECOL ), the contract will see Siemens overhauling and performing a series of upgrades to both the Khoms Steam Power Plant and the Western Mountain Gas Turbine Power Plant in Ruwais. The projects will ensure the continued safe, reliable and efficient operation of both power facilities.

"We are committed to supporting the reconstruction of Libya's infrastructure and to this end, a safe, reliable and efficient power network is absolutely essential," said Dietmar Siersdorfer, CEO, Siemens Energy, Middle East. "The signing of these contracts is an excellent demonstration of our long-term commitment to Libya."

"Ensuring power plants continue to operate at their optimum is a crucial element of the country's development and the maintenance, modification and upgrading of existing infrastructure is an efficient method of enhancing the performance of mature fleets to bring them in line with newly constructed facilities."

Siemens has been active in Libya since 1957 and has been responsible for many of the country's key infrastructure projects, including crucial elements of the power transmission and distribution network. The company has a 30-year relationship with GECOL and in 2012 Siemens completed a fast-track program to restore full power generation capacity to Libya's Misrata power station in order to ensure an uninterrupted electricity supply to large parts of the city.

The Siemens Energy Sector is the world's leading supplier of a broad 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 2012 (ended September 30), the Energy Sector had revenues of EUR27.5 billion and received new orders totaling approximately EUR26.9 billion and posted a profit of EUR2.2 billion. On September 30, 2012, the Energy Sector had a work force of almost 86,000. Further information is available at: www.siemens.com/energy.

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 165 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world's largest provider of environmental technologies. Around 40 percent of its total revenue stems from green products and solutions. In fiscal 2012, which ended on September 30, 2012, revenue from continuing operations totaled €78.3 billion and income from continuing operations €5.2 billion. At the end of September 2012, Siemens had around 370,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: www.siemens.com.

Contact for journalists:
Siemens , Media Relations
Oliver Klaus,
phone: +971 4 366 0345,
+971 55 2003109
E-mail: oliver.klaus@siemens.com

Brunswick Group
Wajih Halawa, phone: +971 4 446 6282,
mobile: +971 50 1009207
E-mail: whalawa@brunswickgroup.com

Press release posted on: Feb 6 2013

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CategoryDescription
Electronics
 
http://www.siemens.com
Country: Germany

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technical achievements, innovation, quality, reliability and internationality

The Siemens Industry Sector (Erlangen, Germany) is the worldwide leading supplier of environmentally friendly production, transportation, building and lighting technologies. With integrated automation technologies and comprehensive industry-specific solutions, Siemens increases the productivity, efficiency and flexibility of its customers in the fields of industry and infrastructure. The Sector consists of six divisions: Building Technologies, Drive Technologies, Industry Automation, Industry Solutions, Mobility and Osram. With around 204,000 employees worldwide (September 30), Siemens Industry achieved in fiscal year 2010 total sales of approximately €34.9 billion. http://www.siemens.com/industry

The Mobility Division (Berlin, Germany) is the internationally leading provider of transportation and logistics solutions. With its "Complete mobility" approach, the Division is focused on networking the various modes of transportation in order to ensure the efficient transport of people and goods. "Complete mobility" combines the company's competence in operations control systems for railways and traffic control systems for roadways together with solutions for airport logistics, postal automation, traction power supplies and rolling stock for mass transit, regional and mainline services, turnkey systems as well as forward-looking service concepts. With around 24,000 employees worldwide, Siemens Mobility posted sales of EUR6.5bn in fiscal year 2010 (ended September 30).


Siemens AG
Wittelsbacherplatz 2
D-80333 Munich, Germany

Central Office:
+49 89 636-00
Pressestelle:
+49 89 636 33032
Investor Relations:
+49 89 636 32474

International (English)
+49 (69) 797 6660
Germany (German):
+49 (800) 225 53 36

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