This is second contract of STATCOM signed by Saudi Electricity Company (SEC) in the start of year 2021. This contract is awarded to Alfanar Construction which is a major contractor of power projects in KSA. Alfanar Construction will be working with General Electric for the supply of STATCOM equipment which will be installed at Najran Substation. Based on PTR’s research, KSA has plans to install multiple reactive power compensation systems in its network to ensure voltage stability and overall network reliability. Link to the news: https://www.saudigulfprojects.com/2021/01/alfanar-awarded-37million-statcom-project/