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Saudi Electricity Company awarded Al Gihaz Contracting Company a SAR 140.9 million ($37.5 million) contract for installation of a STATCOM system at Sharorah 380kV Substation in Sharorah, Saudi Arabia. Project completion period is 29 months.
“The Project has been awarded to Saudi based construction firm, Al Gihaz Contracting Company.”saudigulfprojects.com
Summarized from public sources; check the original articles before acting on it.