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Ras Azzour cost estimate cut by 20-25%
- Saudi Arabia: Wednesday, October 21 - 2009 at 10:21
Fuhaid bin Fahd al-Sharif, head of Saudi Arabia's giant power and water desalination project, Ras Azzour, has said that the kingdom expects the project's cost to be 20%-25% below initial estimates as the price of materials has fallen and the project description has changed, Reuters has reported. The power and water plant, which was originally expected to cost $6bn to build, will produce 2,400 megawatts of electricity.
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StaffWednesday, October 21 - 2009 at 10:21 UAE local time (GMT+4)
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