Published: Sep 14, 2014
Source: Tadawul

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Saudi Cable Company announces the signing of a contract Supply, installation and inspection of Power cables voltage 380 kV

Saudi Cable Company announces signing of a contract by Demirer Kablo (one of its subsidiaries in Turkey)for Supply, installation and inspection of Power cables voltage 380 kV (Extra high voltage) in the Middle East region as following:

1.signing of a contract on 11-09-2014

2.Date of commencement of construction will be declared later

3.Cost of project is SAR 97 Millions

4.The project will be financed from : letter of credit

5.Company expect to complete the project by 09-07-2016

6.The company expect the Supply, installation and inspection of Power cables voltage 380 kV ( Extra high voltage) in the Middle East region has Positive impact by SAR Millions started from 31-03-2015

7.Related parties : Electric utiities

And that to be delivered during a period of 20 months from the date of signing the contract. and we will announce at any developments later.

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