Saudi Electricity Co inks $1.44bn power plant deal

Saudi Electricity Co has signed a SR5.4bn ($1.44bn) contract for an unnamed Saudi company to build 1,200 megawatts (MW) of power generation capacity at a plant in the Saudi capital, the state-controlled utility said on Sunday.

The PP10 combined cycle plant power plant in Riyadh currently has a generation capacity of 2,240 MW. The contractor will add 10 steam turbines which should be in operation in 46 months, SEC said in a statement without naming the company.   More Read