Alfanar Projects has signed contracts with the Saudi Electricity Company (SEC) worth over SR20 billion. These agreements were formalized during the Energy Localization Forum organized by the Ministry of Energy. The event was attended by representatives from the energy and industry sectors, highlighting Saudi Arabia’s focus on strengthening its energy infrastructure.
The projects are in line with the goals of Saudi Vision 2030, aiming to localize energy systems and enhance energy self-sufficiency. One of the key initiatives under the agreement is the construction of the largest High-Voltage Direct Current (HVDC) Converter Station in the Middle East and North Africa. This project, developed in partnership with China Electric Power Equipment and Technology Co., will facilitate the transmission of power between the Central, Western, and Southern regions. It will have a total capacity of 7 GW, addressing the growing energy demands of these areas.
Other projects include the development of Battery Energy Storage Systems, which will support the integration of renewable energy into the grid. Additionally, Smart Distribution Centers will be established in the Western and Southern regions to enhance grid reliability. These facilities aim to modernize the energy distribution system and support the country’s transition to clean energy sources.
The agreements also focus on integrating renewable energy projects into the national grid. This move supports Saudi Arabia’s efforts to reduce its reliance on fossil fuels and promote sustainable energy practices. The projects will help strengthen the Kingdom’s renewable energy infrastructure and reduce carbon emissions.
During the signing, representatives from both Alfanar Projects and the Saudi Electricity Company highlighted the importance of these initiatives in advancing the country’s energy goals. They emphasized the role of collaboration in implementing projects that will benefit the Kingdom’s economy and energy security.
