Bawan Company announced that construction of a new high-voltage transformer plant for its subsidiary, United Transformers Electric Company, is set to commence in the first half of 2025.

In a statement to the Saudi stock exchange (Tadawul), the company disclosed that the first phase of the project is expected to cost 80 million Saudi riyals ($21.33 million). The investment will be funded through Bawan's internal resources and bank facilities.

While the total cost and location of the plant remain undisclosed, the company outlined a timeline for production. A six-month trial phase will begin in the first quarter of 2027, with full-scale commercial production expected to launch in the fourth quarter of 2027.

However, Bawan confirmed that the construction contract has yet to be awarded.

The new plant is expected to enhance the kingdom's electrical infrastructure by bolstering domestic transformer production capacity.

Source: zawya.com