ABB has won an order worth US$24 million from the SEC.
ABB has won an order worth US$24mn from the Saudi Electricity Company (SEC) for the installation of a static var compensator (SVC) which will provide reactive power support to mitigate voltage instabilities and help prevent black-outs.
The CEO of DEWA, HE Saeed Mohammed Al Tayer, in a speech said that smart grids will play an important role in helping utilities in the region meet growing demands for energy and water and provide diverse and secure energy supply.
Saudi has signed a bilateral agreement with South Korea to enhance atomic energy cooperation.
Saudi Arabia has signed a bilateral agreement with South Korea to enhance cooperation between the two countries in the development and use of atomic energy for peaceful purposes.
Alstom has been awarded an electrical power-plant contract in Iraq worth US$550mn.
