AlGihaz submits lowest bid of $137.4m for NEOM NIC Substation

AlGihaz submits lowest bid of $137.4m for NEOM NIC Substation

Saudi Electricity Company (SEC) announces the bid results for the project, Construction of NIC Circle 380/132kV Substation. The Project location is in NEOM Saudi Arabia.

Eight bidders has submitted the proposals. Saudi based construction firm, Al Gihaz Contracting Company has submitted the lowest bid.

Al Gihaz submitted the price of SAR 515 million (USD 137.4 million).

Earlier, during June 2021, SEC issued the tender for Construction of NIC Circle 380/132kV Substation

Project scope of work includes construction of new indoor 380/132kV Gas Insulated Substation (GIS) named as NIC Circle BSP.

Major equipment includes, 380kV GIS, 132kV GIS, 502MVA Power Transformers, Reactors, Protection & Control System, Substation Automation System, Telecommunication System, Security System, Cyber Security, Civil works and Electro-mechanical works.