#Saudi Arabia

The work for the Al Jazeera Royal Palace substation project includes provision of engineering, procurement, construction and testing services.

The total financing amount for each project is SAR5.69 billion ($1.52 billion), with a term of approximately 28.1 years.

The will be used in the Jafurah gas field’s development efforts.

Nukus2 will be developed on a build, own, operate and transfer model.

Oman’s Voltamp Energy Company has partnered with Saudi Arabia’s Al-Sharif Holding Group in order to establish a high-voltage transformer production plant in the Kingdom.

ACWA Power has landed funding for 4.55 GW solar projects in Saudi Arabia.

The power transmission & distribution (PTD) business of Larsen & Toubro has won substation-related orders in the Middle East and a floating solar project mandate in India.

Several major players have been prequalified for development of four power plants across the kingdom with a total capacity of 7200 MW.

Alfanar Projects has reached a strategic agreement with Saudi Authority for Industrial Cities and Technology Zones (Modon) to develop an HVDC converter station.

Nesma Infrastructure & Technology (NIT) has signed a major contract with the Saudi Electricity Company (SEC).

ACWA Power has announced that its Sudair PV IPP project has gone fully operational.

The Saudi-Egypt interconnection project is progressing as scheduled and would be completed on time in the first quarter of 2026, the newspaper Addustour reported.

ACWA Power has announced that it signed Power Purchase Agreement (PPA) for its ACWA Power Project DAO dispatchable renewable hybrid plant in South Africa.

Dubai Electricity and Water Authority (DEWA) granted ACWA Power Company the Initial commercial operation certificate to operate the second phase of the Noor Energy 1 independent power project.

Saudi Arabia has invited companies to qualify for four new solar power projects with a total output capacity of 3,700 MW within the ongoing National Renewable Energy Programme (NREP).

Anticipated as one of the world’s largest single-site solar facilities, the plant will annually power 190,000 homes and reduce CO2 emissions by 1.8 million tonnes.

L&T Construction’s Power Transmission & Distribution has secured several major contracts in several regions.

Saudi Electricity Company (SEC) has awarded Nesma two contracts to design, build and commission two power transmission substations in Trojena.

Greece and Saudi Arabia agreed to set up a jointly-owned company that will look at linking their power grids.

Prysmian Group has completed the manufacturing of cables for a submarine power interconnection between Egypt and Saudi Arabia.

The NEOM-Yanbu HVDC transmission system will provide power connection from the Yanbu region to the NIC.

India’s KEC International has won $138 M Saudi NEOM power contract.

The Korean firm will supply transformers and other substation equipment for the Saudi Arabian smart city of Neom.

Saudi Arabia, Riyadh: Tawfiq Al-Rabiah, Commerce and Industry Minister of Saudi Arabia, has inaugurated Saudi Power Transformer Company (SPTC).