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Siemens signed an EPC contract with Saudi Electricity Company for installation of a Dynamic Reactive Power Compensator at 380kV Kudimi Substation in Saudi Arabia. The contract value is SAR 155,465,575 (USD 41,457,486).
“Siemens Limited signed an EPC contract for the Installation of Dynamic Reactive Power Compensator (DRPC), STATCOM technology at 380kV Kudimi Substation located in Southern region of Saudi Arabia.”saudigulfprojects.com
Summarized from public sources; check the original articles before acting on it.