Saudi Electricity Co awards $263m of contracts

Contracts for Makkah, Jeddah and Madinah all awarded to Saudi firms

NEWS, Business

The Saudi Electricity Company (SEC) has signed three deals worth $263m for projects to improve the power grid in a number of major cities.

The first of the deals is a 29-month contract worth $59.74m to establish a substation and a series of transmission lines and underground cables in Madinah.

The second deal is a $141m (SR: 530m) to build a 380kv network of cables within the city of Makkah. According to Saudi Electricity Company's CEO, the deal will strengthen cable links in the holy city. It will take 23 months to complete.

The third contract to install underground 380kv cables in Jeddah is worth $71.5m and is also expected to take 29 months to complete.

All of the contracts were awarded to Saudi companies.

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