Keir International announces the signing of a contract with National Grid Company-NG to implement the CONNECTION OF AL-NAZIM central station, WITH 132KV NETWORK IN RIYADH CITY, with a total value of 246,971,629 including the value added tax.
| Element List | Explanation |
|---|---|
| Introduction | Keir International announces the signing of a contract with the National Grid Company-NG on 20/11/2023 AD
To connect Al-Nazim Bulk Supply Point (BSP) with 132 KV Network in Riyadh |
| Date of Announcement of the Award | 2023-10-02 Corresponding to 1445-03-17 |
| Contract Subject Matter | High-voltage underground cable works |
| Date of Signing the Contract | 2023-11-20 Corresponding to 1445-05-06 |
| Contract Value | 246,971,629 including VAT(15%) Two hundred Forty-six million, Nine hundred Seventy-one thousand, Six hundred Twenty-nine riyals |
| Contract Details | High voltage underground cables 132KV network expansion, Gas Insulated Switchgear (GIS) Substation Extension, Protection, Telecommunication and Substation Automation for remote ends |
| Contract Duration | Twenty months. |
| Financial Impact and the Relevant Period | The financial impact will appear in the first quarter of 2024 until the fourth quarter of 2025 |
| Related Parties | N/A |
| Additional Information | N/A |
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