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Saudi Electricity $1bn deals
- Saudi Arabia: Sunday, December 09 - 2007 at 08:12
Saudi Electricity has handed out deals worth just over $1bn to three local firms to expand a power plant, reported Reuters citing the Saudi Press Agency. The companies have been contracted to develop the Rabigh power plant and connect it to the grid supplying the kingdom's Western Province. Saudi Electricity intends to spend more than $50bn ramping up its capacity by 60% in the next eight years.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 09 - 2007 at 08:12 UAE local time (GMT+4)
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