ABB wins US$90 million SEC contract

An ABB transformer as used in substations in the region.

The Saudi Electricity Company (SEC) has awarded ABB a contract to set up an substation in Riyadh City, Saudi Arabia, an ABB spokesperson has confirmed.

The deal is worth around US$90 million, reported the Jeddah-based Okaz daily reports on Saturday, citing Ali Al Barrak, SEC chief executive.

The substation will be operational within 27 months after the contract's signing in the King Abdullah Financial District in the north of Riyadh, said Ali Al Barrak, according to the paper.

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