[Haichuan Overseas Engineering] TBEA wins bid for $192 million substation project in Saudi Arabia
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TBEA wins $192 million substation project in Saudi Arabia Recently, TBEA was awarded the contract for the Namria 380kV substation project by the Saudi Electricity Company (SEC). The total cost of the project is approximately 1.36 billion RMB (about 192 million US dollars). It mainly involves constructing a new 380/132 kV Namria substation, as well as expanding two existing substations in the surrounding area. It is worth noting that this is the first EPC (design, procurement, construction) substation project that TBEA has won a contract for in the Saudi market. Previously, the Saudi high-voltage power transmission and distribution market had been dominated by international engineering giants for a long time, with extremely high barriers to entry. Through in-depth market engagement and continuous technological advancement, TBEA has ultimately transformed from a equipment supplier into an EPC general contractor. Connecting the major wind power artery in the north is crucial for Saudi Arabia’s northern power grid. Once completed, the Namria substation will serve as a key collection point, primarily responsible for collecting and transmitting electricity from wind power plants in northern Saudi Arabia. With the advancement of Saudi Arabia’s 2030 Vision, the construction of large-scale wind and solar power facilities in the northern region is accelerating, and the capacity of the power grid to absorb this energy has become a limiting factor. The implementation of this project will significantly enhance the grid connection capacity of the regional power grid, providing solid support for the transmission of local clean energy. This win reflects SEC’s recognition of Chinese companies’ capabilities in transmission and transformation technology as well as their ability to deliver projects on time. In the long term, as TBEA succeeds in entering the construction of Saudi Arabia’s main power grid, Chinese-funded companies are likely to gain more opportunities to participate in future projects related to the upgrading of Saudi Arabia’s power grid and the development of infrastructure for new energy sources.
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