KEIR International, National Grid sign SAR 48M contract

05/12/2023 Argaam
Logo ofKEIR International Co.

Logo of KEIR International Co. 

KEIR International Co. signed a contract worth SAR 48 million, including 15% VAT, with National Grid SA to connect Al-Aridh Bulk Supply Point (BSP) with the 132 KV Network in Riyadh. 

 

Under the 21-month contract, KEIR International will carry out tasks related to high-voltage 132-KV underground cable installation, station protection, communications, and the implementation of remote-control systems, according to a statement to Tadawul. 

 

The financial impact will appear from the first quarter of 2024 until the fourth quarter of 2025, with no related parties to the contract, the statement added. 

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