Saudi Electricity Co. (SEC) announces the signing of the Smart Metering project contracts
| Element List | Explanation |
|---|---|
| Introduction | SEC will sign off today the Smart Metering project contracts. The project entails installing and commissioning 10 million smart meter for consumers across KSA. |
| Date of Announcement of the Award | 2019-12-15 Corresponding to 1441-04-18 |
| Contract Subject Matter | Supply , Installation of Smart Meters and all equipment |
| Date of Signing the Contract | 2019-12-19 Corresponding to 1441-04-22 |
| Contract Value | 9,555,099,334 SAR |
| Contract Details | Supply , Installation of Smart Meters and all equipment |
| Contract Duration | 3 years + 3 month (with O&M) |
| Financial Impact and the Relevant Period | a positive impact is expected on the company’s results up on the project completion. |
| Related Parties | N/A |
| Additional Information | • 3.5 Million meters will be purchased from local manufacturers
• One third of the project’s value will be sourced from local content. |
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