Thursday, May 27, 2010

Siemens Energy (NYSE:SI) Lands Abu Dhabi Order

Siemens Energy (NYSE:SI) got an order from Abu Dhabi Transmission & Dispatch Company, the operator of Abu Dhabi’s national electricity grid.

The project Siemens landed will help expand the distribution network of the country.

Along with their partner Electromechanical LLC, Siemens will supply switchgear and transformer substations for the project, which is valued at about €150 million.

“We’re proud that Transco has again opted for field-proven, first-class equipment from Siemens for the expansion of Abu Dhabi’s electricity grid,” said Peter Loescher, CEO of Siemens AG.

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