ZAMIL’S SUBSIDIARY WINS RAS AL-KHAIR POWER PLANT’S SAR 203 MILLION CONTRACT

Zamil Air Conditioning and Refrigeration Services Co., a sector business of Zamil Industrial Investment Co. (Zamil Industrial), has been awarded a new contract worth SAR 203 million (USD 54.1 million) from SEPCO Electric Power Construction Corporation, an affiliate of Power Construction Corporation of China, to provide engineering, procurement and construction (EPC) services of HVAC related mechanical, electrical and Controls' works for the Ras Al-Khair power plant project, owned by the Saline Water Conversion Corp. (SWCC) and located in the new industrial city of Ras Al-Khair in the eastern region of Saudi Arabia. 

The contract was signed on Wednesday, 29 May 2013, and is expected to have a positive impact on the company's consolidated financials at the end of each stage during 2014 and 2015. The duration of the contract is 30 months and will commence work on the project immediately and end in the fourth quarter of 2015. 

According to the agreement with SEPCO, Zamil Air Conditioning and Refrigeration Services will supply an assortment of HVAC equipment and perform all essential HVAC system engineering, supply, installation, testing and commissioning services for 39 plant buildings, 17 non-plant buildings, and a chiller plant at this vital project. 

"We are honored to secure this agreement as the provider of EPC services and mechanical works for HVAC systems and equipment for the Ras Al-Khair power plant. Our companys capability to meet the clients stringent specifications and requirements of this prestigious project, along with our capacity to provide the highest quality systems and services available, contributed to the selection process," said Osama Bunyan, COO of Zamil Industrial. "As always, we will do everything necessary to guarantee client satisfaction throughout the project from design, fabrication and supply through installation and final inspections in terms of product quality and delivery schedules," he added. 

Zamil Air Conditioning and Refrigeration Services has successfully provided a broad range of mechanical and electrical systems and engineering services, as well as after-sales services, for numerous commercial and industrial projects within the Kingdom of Saudi Arabia and across GCC countries, meeting the stringent project specifications and technical requirements of each client