Bloomberg News

Saudi Electricity Signs Three Contracts Valued at $146 Million

November 27, 2011

Nov. 27 (Bloomberg) -- Saudi Electricity Co. signed three contracts valued at 546 million riyals ($146 million) to build power transmission lines and a transformer station in Riyadh and the Eastern Province, the state-owned utility said in an e- mailed statement.

One of the contracts, valued at 193.2 million riyals, is to build a transformer station in Jubail’s second industrial city within 29 months to provide electricity to the Sadara chemical joint venture being built by Saudi Aramco and Dow Chemical Co.

--Editor: Shaji Mathew

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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