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Saudi Electricity Company awarded Al Gihaz Contracting Company a SAR 113.6 million ($30.3 million) contract for the installation of a STATCOM system at a switching station in Riyadh, with a 29-month completion period.
“Saudi Electricity Company (SEC) awarded the project, Installation of STATCOM at 9098 Switching station in Riyadh.”saudigulfprojects.com
Summarized from public sources; check the original articles before acting on it.