Saudi Electricity inks 10 mln smart meters project today

19/12/2019 Argaam

 

Saudi Electricity Company (SEC) signs today Dec. 19 the contracts of the Smart Metering project to install and commission 10 million smart meters for consumers across the Kingdom for a total cost of SAR 9.56 billion, the company said in a statement to Tadawul.

 

The project was awarded on Dec. 15 to a consortium of Etihad Etisalat Co. (Mobily) and Al- Fanar Construction for the central and eastern parts of the Kingdom, while a branch of China Electric Power Equipment and Technology (SGCC) was awarded the project for the western and southern areas.

 

Read more: Saudi Electricity awards SAR 9 bln smart meter project to local, Chinese firms

 

The project is expected to have a positive impact on the company’s financial results once completed in March 2023, SEC said.

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