Power Equipment & Materials Company was established in 1997 to deliver power generation facilities and equipment in the Kingdom of Saudi Arabia. In 1997 Asea Brown Boveri (ABB), with the help of the Khashoggi family, won the Shoaiba power plant extension and development. This led to contracts for the construction of Shoaiba II and III. PEMCO’s role in these Saudi-International partnerships was threefold: New business development initiatives Aid in the navigation of the Riyadh Ministries Provide generator maintenance, engineering, and services after new plants were erected When ABB’s generator business was acquired by Alstom, the ABB-NPW relationship expanded. PEMCO has serviced the ABB/Alstom turbines (120 turbines in Saudi Arabia). In 2009 PEMCO agreed to part from Alstom to pursue new and separate business in the Saudi power marketplace in order to grow and expand.