MUMBAI: Siemens has bagged a contract worth Rs 411 crore from Power Grid Corporation (PGCIL) for setting up three Static Var Compensators (SVCs), each in Punjab, Rajasthan and Jammu & Kashmir.
The project will be executed on turnkey basis and the scope of the work includes design, engineering, commissioning and installation of SVCs for three of PGCIL's substations in Ludhiana (Punjab), Kankroli in Rajasthan and New Wangpoh in Jammu & Kashmir, a release issued today said.
A SVC is a high-voltage system that dynamically controls the network voltage and keeps it constant. The order is for one of a series of SVC projects planned by PGCIL to improve grid stability across India, the release said.
"The delivery of stable, reliable power supply to meet the increasing demands from industry and urban centres is crucial for India’s sustainable progress. It is a matter of immense pride for Siemens that we have been chosen by Power Grid Corporation to be an integral part of this project," Siemens Limited Managing Director and Chief Executive Officer Sunil Mathur said.