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Hyundai E&C wins $389m Saudi grid contracts

21 February 2025

South Korea’s Hyundai Engineering & Construction (Hyundai E&C) has won two power transmission line contracts in Saudi Arabia worth approximately $389m.

The transmission lines will be built in Saudi Arabia's Medina and Jeddah regions, the firm said.

The 380-kilovolt (kV) Humaiji transmission network will extend 311 kilometres (km) and will transfer power from a solar power plant in Humaiji to a substation in the Medina area.

The 380kV Kulais transmission network will extend 180km and transmit power from a solar facility that is planned for construction in the coastal Kulais area to an existing transmission network in Jeddah.

The project owner is Saudi Electricity Company (SEC), which conducted a competitive bidding process involving several engineering, procurement and construction (EPC) companies, said Hyundai E&C.

In November, Hyundai E&C won a KRW1tn ($725m) contract to build a high-voltage direct current (HVDC) network project in Saudi Arabia.

The contract forms part of a 1,089km, 500kV HVDC transmission line connecting Riyadh Power Plant 14 to the Kudmi substation in southwest Saudi Arabia.

The company signed the contract to build the transmission line's first package, which extends over 369km, with National Grid, the power transmission unit of state utility SEC.

The lump sum turnkey project is expected to be completed by January 2027.

Photo credit: Hyundai E&C

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