Siemens wins $240m KNPC contract
Kuwait, September 15, 2013
Siemens, the global electronics and electrical engineering giant, has won a turnkey contract from the Kuwait National Petroleum Co (KNPC), to supply high-voltage substations for its refineries.
The project, valued at KD68.2 million ($239.33 million), will provide reliable power supply to two of KNPC’s biggest refineries. The project is scheduled for completion in December 2015.
Under the contract, one of the largest for the Siemens Energy Transmission busi-ness in Kuwait, Siemens will supply and install a 132kV substation AHRF “C” at the Mina Al Ahmadi Refinery (MAA) and a 300/132kV substation MARF “W” at the Mina Abdulla Refinery (MAB), including high-voltage cable connections.
The works will fit in with KNPC’s Clean Fuels Project, which will see a major upgrade and expansion of the MAA and MAB refineries to integrate the company’s Refining System into one Refining Complex. The Clean Fuels Project seeks to make fuel production in Kuwait more environmentally-friendly.
“Siemens is proud to be supplying the latest high-voltage technology to KNPC,” said Adrian Wood, CEO of Siemens EES, the Kuwaiti unit of Siemens AG. “This project will both enhance and make sure a reliable power supply is available to help Kuwait meet its future market demand for transport fuels by 2020, as it seeks to increase processing capacity at its refineries.”
“Our partnership with KNPC aims to assist the company in meeting its expansion goals by using the most efficient power transmission systems from Siemens,” said Wolfgang Braun, head of Siemens Power Transmission Middle East. “This contract will provide the latest high-voltage substations to KNPC to help it mitigate losses and boost profitability by ensuring minimal downtime at its refineries.” - TradeArabia News Service
More Energy, Oil & Gas Stories
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract
- Al Maha wins Oman Air fuel supply deal
- Iran to become top gas importer by 2025
- UAE hydrocarbon projects seen hitting $11bn
- Summit focus on occupational safety
- Aramco names new senior VP
- Siemens gets $253m Qatar power contract
- Taqa-led group's India deal worth $1.6bn
- Taqa-led group to buy India power plants
- Iraq oil exports hit record 2.8m bpd
- Korean refiners eye more Iraq crude
- Dana starts Egypt gas plant upgrade