Saudi Power Transformers wins $75M transformer supply deal for Aramco's Jafurah project

Saudi Power Transformers Co., a subsidiary of Electrical Industries Co (EIC), signed a SAR 281 million ($75 million) contract with Hyundai E&C to supply power transformers for Aramco's Jafurah Gas Plant Expansion Project. The contract duration is 15 months.

“The Saudi-listed Electrical Industries Co (EIC) announced that its subsidiary, Saudi Power Transformers Co., has signed a 281,133,750 Saudi riyals ($75 million) contract with the local branch of South Korea's Hyundai Engineering and Construction (Hyundai E&C) for the supply of transformers.”zawya.com

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• zawya.comEIC says subsidiary lands $75mln transformer supply deal for Aramco’s Jafurah project | ZAWYAStaff WriterAug 18, 2024

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