Al Gihaz Contracting company, part of Al Gihaz Group has been active in Saudi power market since 1975 with a track record of delivering more than 100 HV/MV projects in KSA. The company has recently submitted lowest bid to SEC for installation of STATCOM at 9098 Switching station in Riyadh. The STATCOM capacity will be 300 MVAR (Capacitive) and -300 MVAR (Inductive) connected at 380 kV. Al Gihaz has STATCOM proposals from all key suppliers of FACTS such as Hitachi ABB Power Grids, Siemens Energy, GE, Hyosung and NR-Electric. There are many local and foreign EPC companies such as Aflanar, Gruppo Messa, L&T and Al Gihaz Holding which are active in Saudi power market and bid on behalf of these suppliers. These suppliers obtain offer from multiple OEMs and submit their own offer to SEC. However, this is not the only sales channel OEM adopt. In the beginning to 2021, Siemens Energy entered into a direct contract with SEC for supply of STATCOM at Kudimi station.
Link to the news: https://www.saudigulfprojects.com/2021/05/al-gihaz-submits-lowest-bid-of-30-3m-for-statcom-project/