# Al Gihaz awarded $30.3M STATCOM project by Saudi Electricity Company

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.

- Type: Contract
- Announced: 2021-12-01
- Where: Riyadh, Saudi Arabia
- Value: $30.3M
- Status: announced
- Products: STATCOM system, DRPC transformers, reactors, switchgear
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Saudi Electricity Company](https://endata.com/companies/8447.md) (customer)
- [Al Gihaz Contracting Company](https://endata.com/companies/59367.md) (supplier)

## Sources

- [saudigulfprojects.com](https://www.saudigulfprojects.com/2021/12/al-gihaz-awarded-30-3m-statcom-project/), 2021-12-01: "Saudi Electricity Company (SEC) awarded the project, Installation of STATCOM at 9098 Switching station in Riyadh."

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