Siemens Power Generation (PG) has received orders for projects in Saudi Arabia totalling approximately Euro 120 million, according to a press release issued here.
Siemens PG will build a turnkey gas turbine power plant for Saudi Electricity Company (SEC-COA) Central in Riyadh.
In addition, National Contracting Company (NCC) in Al Khobar, a leading power plant construction company in Saudi Arabia, ordered three gas turbines that will be used to expand two existing gas turbine power plants in Bisha and Asir on behalf of SEC South.
For many years Siemens PG has been a major player in the power generation industry in the Middle East, supplying over 160 gas turbines, including 26 gas turbines in the United Arab Emirates, eight gas turbines to Qatar and 13 machines to Kuwait.
As one of the countries with the highest power demand growth rates in the world, Saudi Arabia's current installed capacity of 40,000 MW is expected to increase to approximately 70,000 MW by the year 2020, requiring further investments in new power plants.The Power Generation Group (PG) of Siemens AG is one of the premier companies in the international power generation sector.
In fiscal 2003 (which ended September 3), Siemens PG posted sales amounting to approximately Euro seven billion and received new orders totalling Euro 7.3 billion. Group profit amounted to Euro 1,171 million. On September 30, 2003 PG had a workforce of more than 30,000 world-wide.
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