Friday 1 August 2014

Marafiq may issue debut riyal bond

Marafiq, a utility services provider to two industrial cities in Saudi Arabia, may conduct a debut local currency bond issue after picking HSBC's Saudi Arabian arm to advise it on raising new corporate debt. "It is likely


Saudi Marafiq aims to raise power output

Saudi Arabia's Marafiq, a power and water utility firm, aims to generate 2,500 megawatt (MW) of power by 2014 to meet rising demand from industry in Yanbu, its chief executive told Reuters. 'We are adding 1,500 MW to our current pr


Marafiq invites bids for $1.5bn power plant

Saudi Arabian utility Marafiq has invited international firms to bid to build a $1.5 billion, 850 megawatt steam power plant in the Red Sea port of Yanbu. The plant, to be fired with heavy fuel-oil or Arab light crude as a backup, one of t


FW wins Saudi wastewater plant design deal

Foster Wheeler (FW) announced that its Global Engineering and Construction Group has won a process design contract from Sete Energy for the expansion of an industrial wastewater treatment plant in Saudi Arabia. The plant is owned by Power


S.Korea's Hanwha wins $750m Saudi power order

South Korea's Hanwha Engineering & Construction Corp said on Wednesday it had won a $750 million power-generating plant order from Saudi Arabia's Marafiq, a power and water utility company. Under the deal, Hanwha will set up tw


GE Energy wins Marafiq award

GE Energy said it has won the inaugural 'Power and Utility Company for Jubail and Yanbu (Marafiq) Award for Sustainability from Marafiq, a Saudi Arabian integrated utility company. Created to celebrate and encourage sustainable practices

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