ABB wins Jeddah substation deal
Riyadh, May 29, 2012
Ewaan Global Residential Company, a leading real estate development firm in Saudi, has signed a SR63 million ($16.7 million) contract with power and automation leader ABB for the construction of a 110/13.8 kv substation in the Kingdom.
Ewaan Global Residential said the move is aimed at generating power for its SR1.2 billion Alfareeda residential project being developed in the north of Jeddah.
The contract was signed by Fahad Al Mutawae, CEO of Ewaan Global Residential Company and Ahmed Al Hares, the vice president of ABB Saudi Arabia and the Western Region manager.
Al Mutawae expressed great satisfaction at the co-operation with ABB Saudi Arabia, which is renowned for its precision in executing electro-feeding projects.
The substation, he said, will provide all the electricity required to meet the needs of the Alfareeda project.
Designed to meet the home ownership aspirations of Saudi’s middle class, Alfareeda project consists of more than 2,000 residential units located on 1 million sq m of land.
The project will be fully equipped with an advanced infrastructure and service facilities including a state of the art telecommunications network, electricity lines, water supply, sewage system and rain bypass tanks.
A well planned road network is designed to avoid traffic conjunctions.
'Given the Kingdom’s high temperatures for most of the year, reliability of power supply is of the utmost importance and we will draw on ABB’s long experience and in-depth expertise in the Saudi market to ensure maximum efficiency in delivery and performance,' he stated.
Al Mutawae said the signing of the contract was a major step forward and puts the project on target according to the scheduled phasing.
Commenting on the win, Al Hares said, “We are very pleased at partnering with Ewaan to provide power supply for Alfareeda project which is going to be done in accordance with the highest global standards and with every respect for the environment and the architectural integrity of the project.”-TradeArabia News Service
More Energy, Oil & Gas Stories
- Iran's petrochem revenue surges to $2bn
- Bahrain to boost energy efficiency
- Oil prices set for biggest weekly loss
- Egypt to issue smart cards to fuel stations
- Oil hits three-week low
- Yokogawa-Petrobras in wireless deal
- Technip wins Adma-Opco contract
- Brent weakens towards $102
- ASAR named legal advisor for Kuwait project
- BP to invest $2.85bn in Iraq's largest oilfield