Siemens Ltd has informed BSE that a consortium of Siemens Ltd, with Siemens AG of Germany has been awarded a contract by Power Grid Company Ltd of Bangladesh on a turnkey basis for supply of equipment for the 500 MW Back to Back HVDC project set up at Bheramara in Bangladesh.

The contract value for Siemens Ltd is INR 2877 million.

This project is being set up under India-Bangladesh Power exchange program and is being funded by ADB.

This is the first HVDC project to be excited in Bangladesh.

The project schedule is 24 months.