Firms ink $258m in east coast KSA power contracts
Royal Commission Prince predicts rise in Ras Al Khair private projects
Prince Saud Bin Abdullah Bin Thunayyan, president of the Royal Commission for Jubail and Yanbu has signed three contracts worth a total of $258m for the implemention of power projects in Ras Al-Khair Industrial City and the design of power and communication systems in the Jubail 2 industrial city.
According to the Saudi Gazette, Ibn Thunayyan predicted the award of more projects to the private sector in Ras Al-Khair in the near future. He said: “So far, more than $1.33bn in investments has been pumped into this industrial city to boost its basic industries, including aluminum and minerals.”
The first two contracts were signed with Saudi Services for Electro-Mechanical Works Company and Al-Babtain Contracting Company for the setting up of two 1,500MW electricity power plants in Ras Al-Khair. The contracts will both be implemented in 38 months, and then linked to the grid.
The third contract was awarded to Ali Kodair Al Harbi & Ahmed Radi Consultancy Engineering Company in conjunction with Engineering International Ltd. Co to design high tension electricity power plants, underground cable works and electricity distribution networks for Jubail 2.
The five-year contract also includes the designing and engineering of power and communications facilities required for the expansion of the King Fahd Industrial Port and Jubail commercial port.