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FINANCIAL NEWS
SEC signs USD0.850 b projects’ contracts
23 Oct 2013
(MENAFN) Saudi Electricity Company (SEC) has signed eight contracts to build the new USD850 million substations that aim to cover the Kingdom’s demand on electric power, according to Arab News.
Chief Executive Officer Ali bin Saleh Al-Barrak said: “The projects will raise the level of electrical services provided by SEC and increase its reliability by providing stable and uninterrupted usage.”
The new electric projects will be located at Riyadh, Jeddah, and Qassim.
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