# Siemens awarded $41.4 million STATCOM project by Saudi Electricity Company

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).

- Type: Contract
- Announced: 2021-01-05
- Where: Kudimi Substation, Southern region, Saudi Arabia
- Value: $41.5M
- Status: announced
- Products: STATCOM, dynamic reactive power compensator, gas insulated switchgear
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (supplier)
- [Saudi Electricity Company](https://endata.com/companies/8447.md) (customer)

## Sources

- [saudigulfprojects.com](https://www.saudigulfprojects.com/2021/01/siemens-awarded-41-4million-statcom-project-in-saudi-arabia/), 2021-01-05: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.