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Larsen & Toubro (L&T) was awarded a SAR 116 million ($30.9 million) contract by Saudi Electricity Company to install a STATCOM system at a switching station in Riyadh, Saudi Arabia. The project has a completion period of 26 months.
“Saudi Electricity Company (SEC) awarded the project, Installation of STATCOM at 9097 Switching station in Riyadh.”saudigulfprojects.com
Summarized from public sources; check the original articles before acting on it.