| Work Detail |
Contract awarded by Hyundai E&C
The Saudi-listed Electrical Industries Co (EIC). announced that its subsidiary, Saudi Power Transformers Co., has signed a 281,133,750 Saudi riyals ($75 million) contract with the local branch of South Koreas Hyundai Engineering and Construction (Hyundai E&C) for the supply of transformers.
The scope of the contract involves design, manufacture and supply of power transformers for Aramcos Jafurah Gas Plant Expansion Project, EIC said in a statement filed with Tadawul.
The statement didnt state the number of transformers to be supplied or their ratings but said the duration of the contract is 15 months.
Hyundai E&C started construction works for Jafurah Phase II Utilities, Sulfur and Export Facilities Package 2 in April 2024.
The Jafurah unconventional gas field is estimated to contain 229 trillion standard cu ft of raw gas and 75 billion stock tank barrels of condensate. |
