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Saturday, November 28 - 2009

SEC invites tenders to bid for $2bn power plant

  • Saudi Arabia: Thursday, January 03 - 2008 at 11:43

Saudi Electricity Co, the country's largest power producer, will invite companies in the first quarter to bid for the contract to build and run a 1,200MW power plant to help meet rising demand, reported Dow Jones. SEC will ask companies to submit initial bids for the estimated $2bn independent power project, or IPP, in February, which will be followed by the release of final tender documents later in the quarter, according to the financial adviser, Citigroup.

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