Keir International announces the signing of a contract with National Grid Company-NG to implement the CONNECTION OF AL-NAZIM central station, WITH 132KV NETWORK IN RIYADH CITY, with a total value of 246,971,629 including the value added tax.

Keir International announces the signing of a contract with National Grid Company-NG to implement the CONNECTION OF AL-NAZIM central station, WITH 132KV NETWORK IN RIYADH CITY, with a total value of 246,971,629 including the value added tax.

21 November 2023 09:45 AM

KEIR

9542

-6.74%

3.60

-0.26

Element List

Explanation

Introduction

Keir International announces the signing of a contract with the National Grid Company-NG on 20/11/2023 AD To connect Al-Nazim Bulk Supply Point (BSP) with 132 KV Network in Riyadh

Date of Announcement of the Award

2023-10-02 Corresponding to 1445-03-17

Contract Subject Matter

High-voltage underground cable works

Date of Signing the Contract

2023-11-20 Corresponding to 1445-05-06

Contract Value

246,971,629 including VAT(15%) Two hundred Forty-six million, Nine hundred Seventy-one thousand, Six hundred Twenty-nine riyals

Contract Details

High voltage underground cables 132KV network expansion, Gas Insulated Switchgear (GIS) Substation Extension, Protection, Telecommunication and Substation Automation for remote ends

Contract Duration

Twenty months.

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 the signing of a contract with National Grid Company-NG to implement the CONNECTION OF AL-NAZIM central station, WITH 132KV NETWORK IN RIYADH CITY, with a total value of 246,971,629 including the value added tax.