Saudi Arabia approves $346 M power deal
National Grid will build major substations and transmission infrastructure to supply the new Soudah Peaks luxury mountain development.
Image for illustrative purposes
Saudi Arabia: Soudah Development, a Public Investment Fund (PIF) company, has signed an agreement worth more than $346 M (SAR 1.3 B) with National Grid, part of the Saudi Electricity Company, to deliver the electrical infrastructure needed for the Soudah Peaks project. The development is planned as an ultra-luxury mountain destination located 3,015 m above sea level, with hospitality, residential, wellness and retail facilities.
Under the agreement, National Grid will design and build a complete integrated network for the site. This includes a 380 / 132 kV central substation with a 500 MVA capacity, along with two additional 132 / 13.8 kV high-voltage substations. The new infrastructure will form the backbone of the development’s utility system, providing reliable power across all phases and zones of the project.
Saleh AlOraini, CEO of Soudah Development, said the agreement represents a major step in delivering a destination centred on quality, sustainability and long-term value. He noted that securing a future-ready power network is essential for the project’s progress and its wider contribution to Saudi Arabia’s economic diversification goals.
Waleed Al-Saadi, CEO of National Grid SA, said the partnership shows the company’s commitment to supporting major national developments with efficient and reliable electrical solutions. He added that the tailored network being built for Soudah Peaks will strengthen power system resilience while aligning with the Kingdom’s sustainability objectives and Vision 2030.
Source: Zawya
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