Saudi signs $1.8bn deal to expand Qurayat power plant

  • Share via facebook
  • Tweet this
  • Bookmark and Share

The Saudi Electricity Company (SEC) signed a SR6.9bn ($1.8bn) contract with a consortium of firms to increase electricity output in the kingdom on Tuesday.

Saudi firm, Arabian Bemco Contracting and Korean company Doosan Heavy Industries & Construction signed the deal for the expansion of services at the Qurayat power plant, Arab News reported.

Saleh Al-Awaji, deputy minister of electricity and vice chairman of SEC, told the paper that out of three bidders, the consortium had submitted the lowest bid.

The project is to become operational before June 2014 and is expected to add 1,241 MW to the Qurayat plant, the largest utility in the Gulf by market value.

Arabian Bemco is a leading contractor for power and industrial projects in the region, the paper reported.

Related:

Market Performance

Saudi Electricity Company
17.35
0.39 2.3 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Petroleum producers shift attention from Middle East: Kemp

Petroleum producers shift attention from Middle East: Kemp

Following four decades of war, sanctions, nationalisation and...

Back in business

Back in business

Iran’s tankers are back on the oceans as sanctions on the Islamic...

A new future for Saudi Arabia?

A new future for Saudi Arabia?

The vast Wadd Al Shimal phosphate mine in the north of Saudi...

Most Discussed
  • 6
    UK politician sacked over burka binbag jibe

    The whole point is that women should dictate what they want to wear and not men. That should be the underlying motive. If a woman WANTS to wear a burqa... more

    Wednesday, 27 August 2014 1:16 PM - mick
  • 5
    UAE teens among the highest for obesity rates

    There are loads of fatties in Dubai. They don't offend me personally. Unlike other countries where taxes support the health system, here, each person has... more

    Wednesday, 27 August 2014 4:04 PM - nice
  • 5
    Smoke-free Dubai - the big debate

    Surprisingly the only studies that show a negative financial impact of the smoking ban on the hospitality industry are sponsored by tobacco companies ... more

    Wednesday, 27 August 2014 4:19 PM - Telcoguy