SEC awards $480m power contracts
Contracts aimed at boosting Kingdom's power efficiency
Saudi Electricity Company (SEC) has reportedly agreed five contracts valued at a combined US $480 million, for the construction of substations and power transfer networks across the Kingdom. According to Arab News, the projects will be implemented across a 29-month period.
Two of the contracts relate to sub-station projects in Amlaj and Makkah, respectively scheduled to take 29 months, and 27 months. One deal covers a substation in Laith, whilst another relates to the connection of the Qurayyah IPP.
CEO of SEC Ali bin Salih Al-Barrak said that the contracts are aimed at meeting growing demand for electricity across the network – growing at around nine percent per year – and would reduce power black-outs during peak demand periods.
Al-Barrak is also reported to have said that SEC is continuing to implement plans to connect all parts of the country to the main electricity grid.