KEIR awarded SAR 26.4 mln contract by Saudi Electricity

KEIR International Co. was awarded a contract from Saudi Electricity Co. valued at SAR 26.4 million, including value-added tax (VAT), to implement the electric interconnection project Al-Khobar.

In a statement to Tadawul, KEIR said that the contract’s work scope includes the installation of 115 kV ground cables for the electric interconnection between two stations west of Al-Khobar in the Eastern Region.

There are no related parties to the deal, the statement added.

Source : Argaam