{"id":104367,"date":"2026-01-20T00:00:00","date_gmt":"2026-01-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/20\/eic-plugs-into-europes-grid\/"},"modified":"2026-01-20T00:00:00","modified_gmt":"2026-01-20T00:00:00","slug":"eic-plugs-into-europes-grid","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/20\/eic-plugs-into-europes-grid\/","title":{"rendered":"EIC plugs into Europe\u2019s grid"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EIC lands major French transformer contract<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong><a target=\"_blank\" href=\"https:\/\/www.eic.com.sa\/\" style=\"\" rel=\"noopener\">Electrical Industries Co<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.eic.com.sa\/\" style=\"\" rel=\"noopener\">mpany<\/a><\/strong><strong>\u2019s (EIC)<\/strong><strong> Belgian subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.pauwels.com\/\" style=\"\" rel=\"noopener\">Pauwels Transformers<\/a><\/strong><strong> will <\/strong><strong>provide power transformers to France\u2019s main electricity distribution operator <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.enedis.fr\" style=\"\" rel=\"noopener\">Enedis<\/a><\/strong> under a SAR 150.4 mn, five-year framework agreement, EIC said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=92720&anCat=1&cs=1303&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The contract covers the design, manufacture, and supply of the units and is extendable for up to three additional years through 2033. If all extensions are exercised, the total value would rise to around SAR 227.3 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The agreement allows EIC to capitalize on the global shortage of power transformers and Europe\u2019s accelerating energy transition. It also signals a shift from one-off equipment sales toward a longer-term utility partner model in the EU. By locking in France\u2019s primary grid operator, EIC is securing a long-term revenue stream.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">State grains buyer closes its first wheat tender of the year<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The General Food Security Authority bought 907k tons <\/strong><strong>in its first wheat<\/strong><strong> tender<\/strong><strong> of the <\/strong><strong>year<\/strong>, exceeding the <a target=\"_blank\" href=\"https:\/\/x.com\/GFSA_KSA\/status\/2011683935408046087\" style=\"\" rel=\"noopener\">595k tons<\/a> it originally sought, the state grains buyer <a target=\"_blank\" href=\"https:\/\/x.com\/GFSA_KSA\/status\/2013141873674609112\" style=\"\" rel=\"noopener\">said on X<\/a>. The imported wheat is scheduled for delivery between April and May 2026. The tender covers 15 vessels, with five shipments designated for Jeddah Islamic Port, seven for Yanbu Commercial Port, two for Dammam\u2019s King Abdulaziz Port, and one for Jazan Port.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Grove secures funding for service expansion<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fresh-produce firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/grove.sa\/en\/\" style=\"\" rel=\"noopener\">Grove<\/a><\/strong><strong> closed a USD 5 mn (SAR 19 mn) seed funding round led by<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/outliers.vc\/\" style=\"\" rel=\"noopener\">Outliers Venture Capital<\/a><\/strong><strong> along with a group of angel investors<\/strong>, earmarked for Grove\u2019s expansion of its services and agricultural products, it said in a <a target=\"_blank\" href=\"https:\/\/grove.sa\/en\/grove-seed-funding-round\/\" style=\"\" rel=\"noopener\">statement<\/a> yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Grove:<\/strong> Founded in 2024 by Mohammed bin Ghannam (<a target=\"_blank\" href=\"https:\/\/sa.linkedin.com\/in\/mohammed-alghannam\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Ayman Alfifi, Grove provides consumers with fresh agricultural products, connecting farms, markets and households via a vertically coordinated system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ALSO- General Food Security Authority closes first wheat tender of the year<\/p>\n","protected":false},"author":1,"featured_media":104368,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,3847,10,2258],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-electrical-industries-company","tag-enterpriseam-ksa","tag-general-food-security-authority-gfsa","wpautop","entry"],"acf":{"mongo_id":"c1e4fa21-df54-42d4-a82b-85d338c4edfb","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/380.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi power equipment maker locks in France deal","related_issue":[104354],"teaser":"ALSO- General Food Security Authority closes first wheat tender of the year"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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