KEIR wins 2 contracts worth SAR 302 mln from National Grid

Logo of KEIR International Co.

KEIR International Co. received two award letters from National Grid SA on Oct. 1, pertaining to connecting Al-Nazim Bulk Supply Point (BSP) and Al-Aridh BSP with the 132-kilovolt (KV) network in Riyadh.

The total value of the contracts is SAR 302 million, including 15% VAT, KEIR said in a statement to Tadawul, adding the expected date of signing for both is Nov. 20, 2023.

The Al-Nazim BSP contract, valued at SAR 253.2 million, includes work on high-voltage underground cables 132KV network expansion, gas insulated switchgear (GIS) substation extension, protection, telecommunication and substation automation for remote ends.

The Al-Aridh BSP contract, valued at SAR 48.85 million, comprises work on extension of high-voltage underground cables, protection, telecommunication, supervisory control & data acquisition (SCADA), and substation automation.

There are no related parties to the contracts, KEIR said.