(MENAFN - Arab News) Saudi Electricity Company (SEC) signed five contracts worth SR 1.8 billion for the construction of sub-stations and power transfer networks in different parts of the Kingdom to be implemented in a 29-month period.
Following the signing ceremony, CEO of SEC Ali bin Salih Al-Barrak said the company would continue the implementation of its plans to connect all parts of the Kingdom to the public electricity grid (PEG).
The current PEG ratio exceeded 96 percent of the loads compared to 45 percent when the company was founded in the year 2000.
According to the SEC chief, two contracts are related to the construction of two sub-stations at Amlaj and Makkah at a cost of SR 409.5 million and SR 410.7 million respectively. The Amlaj project will be implemented in 29 months and the one in Makkah will be carried out in 27 months.
The third contract is concerned with the construction of a sub-station in Laith, Makkah Province, at a cost of SR 353 million, to be implemented over 29 months. The fourth contract is related to the connection of Qariyah independent power plant to the PEG at a cost of SR 362 million whereas the fifth contract will connect Yanbu and Amlaj power plants at a cost amounting to SR 316 million, he said.
The SEC chief said the new projects are aimed at meeting the growing demand for electrical power which is exceeding the rate of 9 percent annually, the provision of dependable electric services and putting an end to power cuts at peak hours.
By SHARIF M. TAHA