KEIR awarded SAR 24.5 mln contract by Saudi Electricity

Nomu-listed KEIR International Co. received, on Nov. 2, an award letter from Saudi Electricity Co. for a project contract, valued at SAR 24.5 million (including VAT).

In a statement to Tadawul, the company pointed out that the contract aims to convert the existing 132-KV high-voltage underground cables between the central station and a station in Riyadh.

The contract is expected to be signed in Nov. 20, KEIR noted.

The contract includes re-routing the existing underground cables from the substation to the central station with new cables, relevant accessories and connection works.

Source: Argaam