SEC signs SR2.9bn deals

Saudi Electricity Company on Saturday signed six contracts worth SR2.9 billion with national companies for the important and installation of 380KV transformer stations in various parts of the Kingdom.
Ali bin Saleh Al-Barrak, CEO of the company, who signed the contracts, said the agreements included three transformer stations in Riyadh, adding that it would help meet the growing demand for electricity in the region.
“These three stations will become operational within 27 to 29 months,” the CEO said.
Two of the six contracts are related to establishing a transformer station in Jeddah and installing ground cables required for that project, Al-Barrak said.
“This project, which will be ready in 29 months, aims at boosting electricity supply in the Western Province,” he said.
The last contract was for the establishment of a transformer station in Shadqam in the Eastern Province city of Al-Ahsa, he said, adding that it would take 29 months to complete.
“All these new projects will increase the country’s power supply and help avoid supply disruptions,” the CEO said, adding that it would contribute to boosting the Kingdom’s economic and industrial growth.
In a related development, SEC signed a deal worth SR1.3 billion with Bahra Cables to supply low and medium voltage cables for its projects in 12 months.
 This deal comes within various agreements worth SR6.3 billion signed by Saudi Electricity Company with national factories for the supply and delivery of medium voltage cables 13.8 to 36KV and low voltage cables 400V within 12 calendar months.
Bahra Cable had received two other contracts from SEC for SR580 million earlier this year.
Talal Idriss, CEO of Bahra Cables, expressed the company’s pride in its products and the trust it has in SEC, and assured that “such trusts will spur Bahra Cables to work harder in order to further develop itself to meet the terms and specifications of cables in Saudi Arabia.”
Since its inception, he said, Bahra Cables uses latest international technologies to produce high quality cables that the major projects in Saudi Arabia require, as well as for exporting them to many overseas markets.
Idriss said the company’s products meet international standards, and that the company has received a number of accreditation certificates such as (KEMA, IPH, SASO, LPCB, CSA, BASEC) and others for its production of power cables.
Idriss said the Kingdom’s cable industry is currently undergoing major expansion to meet the growing demand for the implementation of major projects, as well as to meet the needs of the construction sector in general.
“The national companies are capable to meet about 90 percent of the Kingdom’s cable needs,” he said, adding that the cables are produced at the highest level and in accordance with local and international standards.