AlGihaz submits lowest bid of $157.9m for NEOM Substation

AlGihaz submits lowest bid of $157.9m for NEOM Substation

Saudi Electricity Company (SEC) announces the bid results for the project, Construction of NIC South 380/132/33kV 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 592 million (USD 157.9 million).

Project scope of work includes construction of new indoor 380/132/33kV Gas Insulated Substation (GIS) named as NIC South BSP.

Major equipment includes, 380kV GIS, 132kV GIS, 502MVA Power Transformers, 100MVA Power Transformers Reactors, Protection & Control System, Substation Automation System, Telecommunication System, Security System, Cyber Security, Civil works and Electro-mechanical works.