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Schneider Electric has signed a Memorandum of Understanding (MoU) with National Grid Saudi Arabia (SA) that covers a period of three years
The two entities will cooperate in developing and enhancing the power infrastructure in the kingdom, stated Schneider Electric.
Reports stated that the MoU has come at a time when Saudi Arabia is witnessing large-scale investments in power transmission and distribution. Business Monitor International (BMI) has said that the nation’s 10-year US$80bn investment plan for power infrastructure is encouraging activity in the energy sector.
Fréderic Abbal, EVP of energy business at Schneider Electric, said, “We have an excellent relationship with SEC and National Grid SA that has been further strengthened by this important MoU. As part of this agreement, we will work towards developing standards and specifications that are specially tailored for the Saudi Arabia market.”
During the three-year duration of the MoU, Schneider Electric will aim to recruit Saudi engineers in necessary fields. Schneider and National Grid SA will also partners to make decisions on standards and specifications, engineering and design, and maintenance and operation. Additionally, Schneider will also provide Saudi Electricity Company (SEC) and National Grid SA with training on mutually agreed focus areas, particularly environmental issues and regulations impacting the industry.
Schneider Electric has said it will also utilise its expertise in design, installation and maintenance, in addition to leveraging training.
Mohammed S Al-Rafaa, vice president of engineering, National Grid SA, said, “We believe the MoU will reiterate nationalisation and localisation of our resources in this key industry that is poised for tremendous growth in Saudi Arabia. Schneider Electric will help us bring global expertise with a local perspective to the field and enhance our existing knowledge and technical knowledge.”