This work is about a balanced truncation type order reduction method which is developed for stable and unstable large-scale continuous-time systems. In this method, a quantitative measure criterion for choosing the dominant eigenvalues helps in determining the steady-state and transient information of thedynamical system. These dominant eigenvalues are used to form a new substructure matrix that retains the dominant modes (or may desirable mode) of the original system. Retaining the dominant eigenvalues in the reduced mode assures stability and results in greater accuracy as the retained eigenvalues provides a physical link to the real system. In the quest to preserve the dominant eigenvalue of the real system, the proposed technique uses Sylvester equation for system transformation. Having obtained transformed model, the reducedmodel has been achieved by truncating the non-dominant eigenvalues using the singular perturbation approximation method. The efficiency and accuracy of the proposed method has been demonstrated by the benchmark test systems which were from the state-of-the-art models.