Alfanar signs SAR 20 billion contracts with SEC for energy projects
Author: PPD Team Date: 28/11/2024
Alfanar Projects has entered into agreements exceeding SAR 20 billion with the Saudi Electricity Company (SEC) to advance Saudi Arabia’s energy sector.
Formalized during the Energy Localization Forum by the Ministry of Energy, these contracts underscore the nation’s commitment to sustainable energy infrastructure and self-reliance.
A key initiative involves developing the Middle East and North Africa’s largest high-voltage direct current (HVDC) converter station in partnership with China Electric Power Equipment and Technology Company.
This project aims to interconnect the central, western, and southern regions of Saudi Arabia, providing a 7 GW power transmission capacity.
Additional projects include implementing battery energy storage systems, establishing smart distribution centers in the western and southern regions, and integrating renewable energy plants into the national grid.