PHOTO
Medina, Saudi Arabia - December 22, 2022: High-voltage power lines dominate the arid landscape against a backdrop of rugged mountains. Image used for illustrative purpose. Getty Images
Al-Babtain Power and Telecommunication Company has signed a 622 million Saudi riyal ($165.86 million) contract with Saudi Services for Electro Mechanical Works Company (SSEM) to supply transmission line steel towers for the 500 kV overhead central-south interconnection link (Portion III).
The 24-month contract includes designing, testing, manufacturing and supplying the transmission towers, the company said in a statement to the Saudi stock exchange on Monday.
The order is expected to positively impact the company’s fourth quarter 2025, the statement added.
Last week, Al-Babtain secured a contract from Larsen & Toubro (L&T) Saudi Arabia to supply overhead transmission line steel towers valued at SAR 390 million ($103.98 million) for the new 500kV high-voltage direct current (HVDC) overhead transmission line for the central-south interconnection link (Portion II).
(Editing by Anoop Menon) (anoop.menon@lseg.com)
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