Schneider inks Saudi infrastructure agreement
National Grid SA and French firm pen MoU to boost power grid.
Schneider Electric is teaming up with National Grid Saudi Arabia to develop power infrastructure in the Kingdom.
Under the three-year Memorandum of Understanding (MoU), the two organisations will collaborate on standards and specifications, engineering and design, and maintenance and operation, according to a statement.
The Paris-based electricity equipment and services firm will also provide Saudi Electricity Company (SEC) and National Grid SA with training, particularly on environmental issues and regulations, and will look to recruit Saudi engineers wherever possible.
Frederic Abbal, executive vice president energy business at Schneider Electric, said: “As part of this agreement, we will work towards developing standards and specifications that are specially tailored for the Saudi Arabia market.
“We will collaborate with Saudi National Electro-technical Committee (SNEC) in the fields of protection, substation design and automation, smart grid, maintenance and asset management.
“We are working to evolve standardisation in engineering and design of equipment according to the specifications and requirements of SEC/National Grid SA.”
Mohammed S Al-Rafaa of National Grid SA, said: “We believe the MoU will reiterate nationalisation and localisation of our resources in this key industry that is poised for tremendous growth in Saudi Arabia.
“Schneider Electric will help us bring global expertise with a local perspective to the field and enhance our existing knowledge and technical knowledge.”
National Grid Saudi Arabia has sole responsibility for power transmission in Saudi Arabia.
Schneider Electric booked a 7.7% rise in first quarter sales aided by the recent acquisition of Invensys and its performance in emerging markets including the Middle East.