GulfBase Live Support
13/04/2025 11:43 AST
Saudi Electricity Company (SEC) has announced that it has received bids from leading utility majors for the construction of two 380kV substations at Afif city in central Saudi Arabia in the Najd region.
These substations - Afif PV 1 and Afif PV 2 - are being set up as part of upcoming Renewable Energy Projects across Saudi Arabia, said SEC in a statement.
For the Afif 1 380kV BSP project, Al Gihaz Contracting Company emerged as the lowest bidder with an amount of SAR960 million ($256 million), while for Afif 2 380kV BSP, Al Babtain Contracting Company was the lowest bidder with SAR1.17 billion ($312 million).
On the 380KV OHTL projects, SEC said Saudi-based Al Sharif Group and its Indian joint venture partner KEC have emerged lowest bidders for two projects - the OHTL from BSP Afif PV-2 upto Ar Rass PV BSP and from Mowaih PV BSP to Afif PV2 - with a bid amount of SAR560.5 million and SAR560.4 million, respectively.
For the contract for the construction of the 380kV OHTL from Afif PV-1 BSP to the existing network, the lowest bidder was Saudi Services for Electro Mechanic with an amount of SAR140 million.
Earlier last month, SEC had invites bids for various grid substations and its OHTL projects.
Trade Arabia
16/04/2026
Saudi Energy announced the signing of final agreements to establish a strategic partnership with Kraken Technologies Ltd, one of the world's leading companies in AI-powered digital operating solution
SPA
19/02/2026
A consortium of Elsewedy Electric and Siemens Energy has achieved a major milestone in the expansion of Saudi Arabia's Rabigh 1 power plant following the signing of a SAR5.3 billion ($1.4 billion) en
Trade Arabia
16/02/2026
Saudi Electricity Company has announced that it has signed a SAR16 billion ($4.27 billion) shariah-compliant Murabaha funding facility with a group of regional banks to refinance existing debt.
<
Trade Arabia
| Ticker | Price | Volume |
|---|
17/04/2026
Al Salam Bank has announced that application for its three-month instalment deferment service will open on Sunday and remain available till April 30.
This enables clients to benefit from the
GDN Online
17/04/2026
Al Mahhar Holding is "strategically positioned" to capitalise on the expanding opportunities within Qatar's energy sector.
The company highlights immense in-country opportunities in the Nort
Gulf Times
17/04/2026
AD Ports Group, a leading global enabler of trade, industry and logistics solutions, has successfully drawn on its diversified logistics capabilities to strengthen local and regional supply chains in
Trade Arabia
16/04/2026
Qatar Fuel Company (Woqod) ?reported a net profit of QR163mn in the first quarter of 2026.
During its second board meeting Wednesday, Woqod chairman Ahmed Saif al-Sulaiti announced that the
Gulf Times
16/04/2026
In recognition of its excellence and leadership in customer experience and service quality, as well as its commitment to prioritizing customer satisfaction, National Bank of Kuwait won, for the 15th
Kuwait Times