Saudi utility inks $3.4bn power plant deal

Saudi Electricity signs contract with South Korea's Hyundai Heavy Industries Co Ltd
Saudi utility inks $3.4bn power plant deal
electric pole, electrical energy, GCC energy, power generation
By Reuters
Sun 04 Aug 2013 06:51 PM

Saudi Electricity Co (SEC) signed a contract with South Korea's Hyundai Heavy Industries Co Ltd (HHI) to build a SR12.2bn ($3.4bn) power plant in Shuqaiq, it said on Sunday.

HHI will install four steam generating units with highly efficient boilers to produce 2,640 megawatts of capacity, SEC said.

The plant, located in Saudi Arabia's south western Jizan province, will be built within five years, SEC said.

SEC is the largest utility company in Saudi Arabia, the world's largest oil exporter.

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