Saudi Power Transformers wins $74.9 million supply contract for Jafurah gas project
Saudi Arabia's Electrical Industries Co. recently announced that its subsidiary, Saudi Power Transformers Co. (SPTC), has secured a significant contract for the Jafurah Gas Plant Expansion Project. Awarded by Hyundai Engineering Co. Ltd, Saudi Arabia, this contract, valued at SAR 281.1 million (approximately $74.9 million), involves the design, manufacture, and supply of power transformers essential for the project.
Background of the Jafurah Gas Project
The Jafurah Gas Project is a cornerstone of Saudi Arabia's energy sector development, tapping into the nation's vast natural gas resources. This project is pivotal in meeting the country’s increasing energy demands while supporting economic diversification. Once fully developed, the Jafurah gas field is expected to significantly boost production, ensuring a steady supply of natural gas for Saudi Arabia's industrial and power sectors.
Background of Saudi Power Transformer Company
Saudi Power Transformers Co. (SPTC) is a key player in the Middle East and North Africa (MENA) power equipment market, specializing in the design, manufacture, and supply of power transformers. Since its establishment in 2003, SPTC has played a vital role in meeting Saudi Arabia's growing electricity demand and bolstering the local power equipment manufacturing industry. The company's advanced technology and high-quality products have made it a reliable provider of power transmission solutions for the national power grid and various energy projects.
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