ABB signs $93m deal for six Saudi substations
Government deal to be completed by 2012 by ABB
The Saudi Electric Company (SEC) has awarded a $93m contract to ABB to build six substations as part of its plans to meet rising power demand in the country.
With power demand in the kingdom increasing by 8% annually as the country forges ahead with its multi-billion dollar expansion plans, SEC has committed to spending $80 billion to boost capacity to at least 70,000 MW by 2020 from an installed capacity of 50,000 MW now.
The power authority last month approved its 2011 budget which will see 12,752 megawatts (MW) of power added to the national grid between 2012 and 2016.
Each of the substation projects will be designed, built and fitted out by ABB, the nation’s leading power and automation technology group.