FINANCIAL NEWS

Saudi Electricity Company signs USD807 m contracts

31 Dec 2013

(MENAFN) Saudi Electricity Company has announced the signing of five contracts worth USD807 million to construct two transformers and 380KV supply lines, according to Arab News.

Part of the project will be established in Hail and Jaeema (Eastern Province).

Ali bin Saleh Al-Barrak, CEO of the company, said the plants will supply 1,520MW when completed in more than two years.

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