KEIR inks SAR 33.7M contract with National Grid SA

31/12/2023 Argaam
Logo ofKeir International Co.

Logo of Keir International Co.

Keir International Co. signed a contract with the National Grid SA to implement the cable circuit replacement project at a station in Riyadh, for a total value of SAR 33.7 million (VAT inclusive), according to a statement to Tadawul.

 

The contract includes replacing the current 132 KV underground electrical cable with a new 1200 mm² cable, in addition to the communication work related to Supervisory Control and Data Acquisition (SCADA) systems, Substation Automation Systems (SAS), and cybersecurity systems.

 

Signed on Dec. 28, the deal has a duration of 20 months with the financial impact to be reflected starting from Q1 2024 until Q4 2025, the statement added.

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