Bawan Co. announces that one of its subsidiary companies has signed an agreement to supply unit substations with Saudi Electricity Company
| Element List | Explanation |
|---|---|
| Date of announcement of the assignment | 2018-10-09 Corresponding to 1440-01-29 |
| Subject of contract | supplying unit substations |
| Date of contract sign off | 2018-10-09 Corresponding to 1440-01-29 |
| Contract Value | SAR 269,776,728 |
| Contract Details | supplying unit substations to Saudi Electricity Company |
| Contract Duration | Until 30 June 2019 and may be renewed/extended for other period/periods subject to a mutual written agreement reached by the parties before 30 days from the date of its expiration. |
| The financial impact and period that this project will affect | First half of 2019 |
| Related Parties | There are no related parties |
| Additional Information | The contract was signed with the United Technology of Electric Substations and Switchgears Company owned by Bawan company by 85.5%. The purchase agreement is optional for the Saudi Electricity Company and is binding on United Technology of Electric Substation and Switchgears Company. |
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