Aetcon lands $155m NEOM power transmission line deal
RIYADH, August 7, 2023
Saudi-based Arabian Electrical Transmission Line Contracting (Aetcon) has secured a contract to build a high-voltage direct current (HVDC) transmission line within the kingdom's futuristic city NEOM.
The $155 million contract, a part of the 'Saudi Neom-Yanbu 525kV HVDC Transmission Line Construction Project,' was awarded by the Saudi Electricity Company.
The scope of work includes expansion of the power network by constructing a HVDC transmission line over a total distance of 605 km from Yanbu, a power production hub on the western coast of Saudi Arabia, to the new city of NEOM.
The completion of the project is expected in July 2027.