Siemens Power and Gas (PG) Division has recently received an order for the supply of key components for the Sirajganj III combined cycle power plant in Bangladesh — providing a SGT5-2000E gas turbine and generator, as well as a long-term service contract for the project.
Siemens’ Financial Services (SFS) Division is contributing up to US$ 80 M construction loan to support the project’s successful and timely close. SFS is undertaking a primary/Mandated Lead Arranger (MLA) role in the transaction, which is considered vital to the project’s success.
In addition, SFS has demonstrated a strong project support acting as one of only two international lenders participating in the Sinosure tranche.
With only about 50 per cent of Bangladesh’s inhabitants having access to electrical energy, Siemens is supporting the country’s expansion of its national power plant capacity by providing sustainable power plant solutions along with the financing necessary to help such projects become a reality.
Sirajganj III is the third project to benefit from SFS’ capital support, underscoring Siemens’ overall commitment to helping Bangladesh gain more access to electricity for its citizens.