# Al Gihaz awarded $37.5m STATCOM project by Saudi Electricity Company

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.

- Type: Contract
- Announced: 2022-05-23
- Where: Sharonah, Saudi Arabia
- Value: $37.5M (140.9M SAR)
- Status: announced
- Capacity: +300 MVAR capacitive, -300 MVAR inductive
- Products: STATCOM system, DRPC, VSC controller
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [saudigulfprojects.com](https://www.saudigulfprojects.com/2022/05/al-gihaz-awarded-37-5m-statcom-project/), 2022-05-23: "The Project has been awarded to Saudi based construction firm, Al Gihaz Contracting Company."

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