Home / SEC signs $108m deal for Siemens substation
SEC signs $108m deal for Siemens substationby Adam Lane on Feb 17, 2013
Siemens has announced that it has signed a US $108 million deal with Saudi Electricity Company (SEC), which will see the energy giant provide a new turnkey substation project in Jeddah. Under the deal, Siemens will be responsible for the design, engineering, construction, testing and commissioning of the new substation, which is aimed at supporting the Jeddah power grid.
Siemens will provide equipment including power transformers, switchgear and protection, and telecommunications systems.
“This latest contract award from SEC is testament to the confidence place in Siemens as a turnkey supplier of innovative infrastructure solutions. Saudi Arabia is experiencing unprecedented growth and Siemens is proud to be a reliable and trusted partner to the Saudi Electricity Company, as it continues the expansion of a safe, dependable and efficient power for the Kingdom,” said Wolfgang Braun, head of power transmission at Siemens Middle East.
Arja Talakar, CEO of Siemens Saudi Arabia, added: “With projects like this latest substation award we are committed to supporting Saudi Arabia’s growing population and industry. We have a lengthy local history in the Kingdom and this translates directly into an ability to provide the right technology at the right time for the advancement of Saudi Arabia’s urban and industrial infrastructure.”
SEC has had a busy few days, announcing on Thursday of last week that it had also agreed a $116 million contract with Alstom Grid, for the provision of a new substation located in Madinah.
- New Saudi water tariff to be acceptable to all
- SEC signs $900mn loan for Shuqaiq plant
- Saudi authorities review SEC break up plan
- Acwa Power eyes Saudi Electricity assets
- GE, SEC launch monitoring & diagnostic centre
- SEC to refinance $1.14bn loan for gas power plant
- SEC to power metro projects in Saudi Arabia
- Saudi Electricity to be split up by year-end
- SEC to borrow up to $1bn for power plant
- Saudi Electricity orders six GE gas turbines