Nesma Electric wins $21m Kaust deal
Jeddah, March 19, 2013
Nesma Electric has secured a contract from Saudi Electricity Company to build a substation at the King Abdullah University of Science and Technology (Kaust) in Thuwal, Saudi Arabia.
The Jeddah-based engineering and contracting company for power transmission, distribution and generation field will set up a 110/13.8kV substation known as Kaust-2 at the university . The contract is valued at $21.3 million, said a statement.
Nesma Electric deputy general manager Salah Al-Sunaid said: "We are committed and honoured to deliver the best services to our prestigious clients. At Nesma Electric, quality objective and business objectives are synonyms.”
The Kaust-2 substation is a fast track project and is being financed by Saudi Aramco.
Nesma Electric is a subsidiary of Nesma Holding Group, having Sheikh Saleh Al-Turki as chairman. – TradeArabia News Service