Saudi Electricity Company (SEC) has signed 11 contracts worth US$530mn.

Saudi Electricity Company (SEC) has signed 11 contracts worth US$530mn to set up power transport lines, gas-powered generating units and transformers in different parts of the Kingdom.

GCC is expected to invest nearly US$73 billion in Power Generation and T&D projects and add 36 GW of generation capacity.

According a recent report by Frost & Sullivan, the GCC is expected to invest nearly US$73 billion in power generation and T&D projects and add 36 GW of generation capacity in the next five years.

EIC was awarded a contract worth US$37.3mn to supply Kuwait with oil-type distribution transformers.

Electrical Industries Co. (EIC) was awarded a contract worth US$37.3mn to supply the Kuwaiti Ministry of Electricity and Water with oil-type distribution transformers.

Utico confirmed that it has won orders valued at over US$4 billion to manage utility projects across the GCC.

Utico Middle East confirmed that it has won orders valued at over US$4 billion to manage utility projects across the GCC.