Saturday 23 August 2014
 
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Saudi Electricity Company

Saudi Electricity to receive $719m in debt

Saudi Electricity Company (SEC) will be paid 2.7 billion riyals ($719.9 million) in debt owed by high profile customers, it said in a statement on Sunday. The debt was previously recorded as provisions against receivables outstand

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ABB wins $60m Saudi power contract

ABB, the leading power and automation technology group, said it has won orders worth over $60 million for substations that will boost transmission capacity and supply electricity to the King Abdullah Economic City (KAEC). The orde

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Saudi Electricity signs $453m GE deal

Saudi Electricity Company (SEC) signed two contracts worth around SR1.7 billion ($453 million) with US General Electric for maintenance of gas turbines at new power plants in Riyadh, SEC said on Sunday. The deal, which would run f

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Saudi Electricity picks banks for sukuk issues

Saudi Electricity Company plans to issue Islamic bonds denominated in both riyals and dollars in coming months and has selected banks to arrange the offers, banking sources aware of the matter said. The monopoly utility has large

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Saudi Electricity picks banks for sukuk issues

Saudi Electricity Company plans to issue Islamic bonds denominated in both riyals and dollars in coming months and has selected banks to arrange the offers, banking sources aware of the matter said. The monopoly utility has large

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Yokogawa wins Saudi power plant order

Yokogawa Middle East said it has won a key order from Daelim Industrial Company to supply control systems and operator training simulators for a major power plant being built for the Saudi Electricity Company. Located south of Jeddah on

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Bahra Cables wins $29m contract from SEC

Bahra Cables has been awarded a new contract by Saudi Electricity Company (SEC) for SR110 million ($29.32 million) for the supply of low and medium voltage cables for to be used in SEC's projects in 2013. This is in addition t

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Saudi Electricity picks banks for dollar bond sale

Saudi Electricity Co (SEC), the Gulf's largest utility, has picked two banks to arrange meetings with fixed income investors in Europe and the United States ahead of a possible debt issue, a statement from the lead managers said.

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SEC signs $263m power deals

    Saudi Electricity Company (SEC) has signed three contracts with national companies to support and strengthen the capacity of the electricity network in the Western Region including Makkah, Madinah and Jeddah

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SEC signs $426m power line deals

  Saudi Electricity Company (SEC) has signed five contracts for about 755 km of high-voltage 380 kV power transmission lines in various regions of the kingdom.   The contracts, which come within the

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