#Saudi Arabia

Indian company L&T announced today that its Power Transmission & Distribution (PT&D) vertical has won new orders in Saudi Arabia, the UAE and India.

ACWA Power has announced that commercial operation has begun at Al Shuaiba 2 solar PV Independent Power Plant.

Hyundai Engineering & Construction has secured consecutive bids for a 380 kV transmission line project commissioned by the Saudi Electricity Company.

The Diriyah Company has opened two substations, the 1707 MVA Bulk Substation and 200 MVA Primary Substation.

AEW and TotalEnergies consortium has signed a 25-year PPA with the state-owned SPPC for its 300 MW Rabigh 2 solar power project.

Hyundai E&C has bagged a $725 million order to build a transmission line in Saudi Arabia, its largest-ever power distribution line contract secured from the Kingdom.

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro (L&T) has secured orders in the Middle East and Kenya.

KEC International has secured the contract to construct a new 380 kV overhead transmission line in Saudi Arabia.

Egypt is planning to start the trial operation of the first phase of its electricity interconnection project with Saudi Arabia in April 2024.

A consortium of Saudi companies has secured financial close on 5.5 GW solar PV projects worth SAR 12 billion ($3.2 billion).

L&T’s power transmission and distribution (PT&D) business has secured new “mega” projects in two GCC countries.

KEC International has secured new orders of 14.23 billion Indian rupees ($169.5 million) for the design, supply and installation of transmission lines in the Kingdom.

Saudi company ACWA Power has signed financing agreements worth 9.7 billion Saudi riyals ($2.6 billion) with a consortium of banks for three large-scale PV solar projects.

The project is expected to be operational in two phases, with the first phase scheduled to begin in July 2025.

ACWA Power will begin operations in the second half of the year for four domestic solar projects with a combined capacity of 2620 MW.

L&T has won secured projects to build various substations and transmission lines in Saudi Arabia and the UAE.

The Jordan-Saudi Arabia electricity interconnection project is in the final stages with technical studies completed.

The first phase of the project is set to start operating in July 2025, with the interconnection allowing the exchange of up to 3000 MW of power by early 2026.

Siemens Energy is supplying key power plant technologies that will provide almost 4 GW to the Saudi Arabia.

One of the PPAs is said to be a new world record for the Levelized Cost of Electricity (LCOE) from wind power.

The contract relates to the establishment of an underground transmission line.

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.