Siemens Further Strengthens Its Energy Service Business in the Middle East

  Siemens Further Strengthens Its Energy Service Business in the Middle East

Signs new long-term agreements with Dubai Electricity and Water Authority
(DEWA)

Business Wire

ORLANDO, Fla. -- October 17, 2012

Siemens Energy Service has been awarded long-term contracts for Dubai
Electricity and Water Authority’s (DEWA) newest power station in operation,
the Jebel Ali M-Station. The facility is a 2,000 megawatt (MW) combined-cycle
power plant and a 140 MIGD (million imperial gallons per day) desalination
plant and is located in the United Arab Emirates - Dubai. The power station
began commercial operation in 2012 with a power generation capacity to supply
approximately one million households in Dubai with clean power generated by
highly efficient gas turbines. With a secured combined order value of
approximately USD450 million, the twelve-year service and parts contracts
represent one of Siemens' largest service agreements in the region. The
agreement includes the option for an extension of the service period.

Under the Long-Term Program (LTP), Siemens Energy will provide comprehensive
maintenance services for the  six Siemens SGT5-4000F turbines and six
SGen5-1000A series generators, which are installed in the plant. The long-term
maintenance  contracts are intended to enhance overall plant reliability and
provide additional technical and financial benefits to DEWA, including more
predictable maintenance costs and extended warranty coverage, as well as the
supply of original equipment manufacturer (OEM) spare parts and professional
outage management.

“We are pleased to announce this contract with DEWA, one of our most important
customers in the Middle East. DEWA is committed to operating its plants with
the highest efficiency and lowest operating costs, and we are honored they
chose Siemens as their partner for this long-term service agreement, which is
aligned to meet their high standards for plant operations,” said Randy Zwirn,
CEO of the Energy Service Division within the Energy Sector. “The Middle East
is a region of high importance for Siemens Energy and a prime market that
helps us sustain strong growth in our global Service business.”

Siemens’ service product portfolio is based on flexibility, allowing plant
owners to choose the level of complexity to match their specific needs. A
tiered range of services is designed to help customers optimize availability
during the lifecycle of the plant equipment.

Siemens Energy Service’s regional presence, with its Middle East headquarters
located in Dubai, allows for close proximity to key customers in the region
such as DEWA. Siemens and DEWA have developed a longstanding business
relationship for over 30 years. The company has worked with DEWA as an EPC
contractor, a supplier of highly efficient power generation components, and a
provider of reliable long-term service and maintenance. This agreement follows
one signed in 2008  for Siemens to provide long-term service at DEWA’s Jebel
Ali L2 power plant.

The Siemens Energy Sector is the world’s leading supplier of a complete
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 2011 (ended
September 30), the Energy Sector had revenues of EUR24.9 billion and received
new orders totaling approximately EUR31.8 billion and posted a profit of
EUR3.9 billion. On October 1, 2011, the Energy Sector had a work force of more
than 82,000. Further information is available at: www.siemens.com/energy.

Contact:

Media Relations:
Siemens AG
Amy Pempel
Energy Sector – Energy Service Division
407-736-6222
amy.pempel@siemens.com