Friday, 12 July 2024

Keir signs contract with National Grid Company-NG for SAR 246.9 mln

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Keir International announced on Tuesday the signing of a contract with the National Grid Company-NG on 20/11/2023 with a total value of 246,971,629, to implement connect Al-Nazim Bulk Supply Point (BSP) with 132 KV Network in Riyadh.

The Company said that the Contract includes the implementation of high voltage underground cables 132KV network expansion, Gas Insulated Switchgear (GIS) Substation Extension, Protection, Telecommunication and Substation Automation for remote ends, for 20 months.

The Company expects that the financial impact will appear in the first quarter of 2024 until the fourth quarter of 2025.

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