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Article: Bids invited for $2.5bn.
- Article from:
- Gulf Industry
- Article date:
- August 1, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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State-run Saudi Electricity Company (SEC) has invited bidders for a SR9.5 billion ($2.53 billion) power plant project in Riyadh as part of efforts to meet soaring demand, a senior company official said.
The 2,000 MW combined cycle plant project in the Saudi capital will start its first phase of operation by 2012, Amr Aswaha, head of projects for independent power projects (IPP), told Reuters. Bidding ends in December with a decision expected in March 2010, he added, without giving details. Saudi Electricity, the largest Gulf utility by market value, is trying to satisfy a demand for power that has soared sharply in the past two years as many infrastructure ...
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