«Saudi Electricity»: Localization and Extension of Power Connectors Beginning Next Year
The National Grid SA, one of the companies owned by the Saudi Electricity Company (SEC), has signed a memorandum of understanding and agreements with Japanese and Korean companies. The purpose of these agreements is to provide the necessary technical support for the activities of maintenance, training and development, standardization, as well as to discuss ways of channeling the strategic relationship between the company and leading global manufacturers of systems and electricity transfer equipment from the traditional frame, into an industrial partnership working to make the Kingdom a major focus for the creation of ultra-high voltage in the Middle East.
Mohamed Al Riffa, Vice President of the National Grid SA, explained that the visit included crucial discussions with four international companies in the electrical industry. This visit sought to develop strategic relations with the companies, and work on the transfer of expertise and advanced technology in the field of electrical industries to the Kingdom, as well as training employees of the company on this new technology. Also discussed were some new investment opportunities posed by the company to create components of a network and power plants transferrable to the Kingdom.
Riffa stated that the first step of agreements was with the Japanese company Mitsubishi Corporation, and a memorandum of understanding was signed whereby the company shall provide technical support for the activity of maintenance, training and development, standardization among other services. The Japanese company also expressed the desire to participate in future procurement contracts and to compete as a contractor for future projects in power and network transmission.
He reported that the delegation also held a number of discussion sessions with the Japanese company Hitachi, during which they agreed to carry out a maintenance plan for the transmission stations the company has in the Kingdom. They have also invited Hitachi to participate in the conference "will be the Gulf", to speak about their experiences in how to build their own work teams worldwide.
Riffa added that the agreements then moved to South Korea, where he held talks with Hyundai Company, and signed a memorandum of understanding aimed at raising investment efficiency and improving the effectiveness of the operation and maintenance of assets. In addition, they aim to enhance the transfer of knowledge and the development of technical and engineering talent, as the Korean company expressed a desire to localize advanced technology in the field of electrical industries in the Kingdom. Hyundai has promised to deliver a detailed feasibility study in the upcoming period surrounding these projects. The delegation also visited Teehan and Haasonj companies, and took a tour of one of the smart stations and a tunnel for ground cables with the voltage of 345. These companies have also been approached for an action plan to start the resettlement of cable connectors, and to keep up with them through the establishment of a factory in the Second Industrial City in Riyadh, with aspirations that the manufacturing stages shall begin early next year.