The contract is valued at INR1bn ($18.3m).
BSRM will use the substation to power its new one million ton per year steal plant in the country.
Under the contract, Siemens will build a 230kV/33kV GIS substation and will provide reliable, cost effective and energy efficient technologies, such as control relay panels and a substation automation system.
Siemens South Asia Energy Sector cluster lead A K Dixit said the contract is a breakthrough for the company in the private sector of
Bangladesh.
"With this project we intend to create a benchmark for future power projects in this country," Dixit added.
"Power is the need of the hour in Bangladesh, like in the rest of South Asia, and we are confident that Siemens technologies will form the back-bone of the power infrastructure in the country."
Siemens’ Energy Sector will be implementing the project on a turnkey basis.
The project is expected to be commissioned in 15 months.
