Keir International announces signing a contract with the Saudi Electricity Company for Inter-Tie Project in Al Khobar, with a total value of 26,282,343 including of the value-added tax
- Date: 28-Dec-2023
- Source: Mubasher
- Sector:Oil & Gas
- Country:Saudi Arabia
Keir International announces signing a contract with the Saudi Electricity Company for Inter-Tie Project in Al Khobar, with a total value of 26,282,343 including of the value-added tax
28 December 2023 04:24 PM
KEIR
9542
8.81%
4.20
0.34
Element List
Explanation
Introduction
Keir International announces the signing of a contract with the Saudi Electricity Company on 28/12/2023 AD To implement the high-voltage Inter-tie project in Al Khobar city
Date of Announcement of the Award
2023-11-19 Corresponding to 1445-05-05
Contract Subject Matter
High-voltage underground cable works
Date of Signing the Contract
2023-12-28 Corresponding to 1445-06-15
Contract Value
26,282,243 including VAT (15%) twenty-six million, two hundred and eighty-two thousand, two hundred and forty-three Saudi Riyals
Contract Details
Inter-tie Between two stations west of al Khobar in the Eastern Province will be carried out by installing 115- KV underground cables
Contract Duration
Twenty-one months from the date of signing the contract
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
Keir International announces signing a contract with the Saudi Electricity Company for Inter-Tie Project in Al Khobar, with a total value of 26,282,343 including of the value-added tax