Modon powers up $686m worth of contracts

Modon is powering up five industrial cities in Saudi Arabia.

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Modon has signed $686m worth of new contracts to build electricity transmission plants and aerial and ground power supply lines for five industrial cities in Saudi Arabia.

Tawfiq Al-Rabiah, Minister of Commerce and Industry and chairman of Modon, signed the contracts in the presence of Saleh Al-Rasheed, director general of Modon, and executives from Modon and the executing companies.

This is the largest among Modon's projects that provide electric power for five industrial cities under development, thus achieving Modon's strategy to establish integrated serviced industrial cities.

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The first contract, valued at $303.6m, with a timeframe of 26 months, was signed with the Arab Company for Electric Equipment. The second contract, signed with Al-Jehaz Contracting Company, is valued at $254.6m, and will take 26 months to carry out.

The third contract, valued at $254.6m, was signed with Delta Contracting Company, with a timeframe of 26 months. The fourth contract was signed with the Saudi Company for Electrical Services. It is valued at $49.9m, with a timeframe of 24 months.

The projects comprise switchgears, supply and installation of transformers, compensation equipment of non-effective power and capacitors, all civil works and supporting facilities needed for the establishment of the plant buildings.

Al-Rasheed said Modon's next project will focus on the completion of services and infrastructure, so that the existing industrial cities that are under development become integrated services cities.