Saudi Power Transformer Company’s new factory at Damman’s Second Industrial City was recently inaugurated at the hands of Saudi Arabia’s Commerce and Industry Minister Tawfiq Al-Rabiah.

Set up with an investment of 120 million Saudi riyals, the new plant will have a capacity of 5,000 MVA of transformers. The factory will roll out its first fully manufactured transformer in another two months. The joint venture has already received a five-year framework contract for sub-station services. The first orders are for one mobile sub-station and six 25MVA power transformers to be delivered to Saudi Electricity Company (SEC).

Formed in 2010, SPTC is a joint venture between CG group and Saudi Transformer Company (STC). STC holds 51 per cent equity while the rest is held by CG Power Systems Belgium — formerly Pauwels and acquired by CG in 2005.