According to the Saudi Press Agency, two contracts worth $720mn were signed by the Saudi Electricity Co. (SEC), with a Chinese company and a Saudi company. The projects involved the supply and installation of 60,000 smart devices to Saudi Arabia’s electricity distribution system.
In addition to connecting the country’s distribution network with advanced control centers, the project will also involve the development of electrical networks. This is part of SEC’s digital transformation strategy.
China Electric Power Equipment and Technology Co. signed the first contract worth SR1.5 billion for supply and installation of more than 33,000 smart devices to the electric grid in the eastern and central regions.
Al Gihaz Contracting Co. was the second company that SEC has signed a deal with to supply and install more than 23,700 smart devices in the southern and western regions.
Khaled Al-Gnoon, CEO of SEC, stated that more contracts will follow as the company works towards achieving smart grid targets.
This is part the company’s strategy of improving the quality and efficiency of electric services in the Kingdom. These projects were in line with Vision 2030 goals, as the Kingdom seeks to transform its energy system through digital transformation. These goals will be realized through the implementation electrical grid automation projects to improve the reliability and operational efficiency of the electric grid as well as improving the provision of electricity services.
