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Yokogawa wins Saudi power plant orderYokogawa 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 More… |
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Bahra Cables wins $29m contract from SECBahra 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 More… |
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Saudi Electricity picks banks for dollar bond saleSaudi 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. More… |
SEC signs $263m power dealsSaudi 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 More… |
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SEC signs $426m power line dealsSaudi 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 More… |
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Saudi awards $346m power contractsSaudi Electricity Company (SEC) plans to set up three transformer stations across the country at a cost of SR1.3 billion ($346 million) within two-and-a-half years to meet the growing power demand, said a report. The Saudi state u More… |
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Bahra Cables inks $107m SEC contractBahra Cables Company, an affiliate of Saudi-based Construction Products Holding Company (CPC) has signed a SR400 million ($107 million) contract for supply of low and medium voltage cables to Saudi Electricity Company in 2013. An More… |
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Saudi Electric to buy back $1.3bn sukukSaudi Electricity Company (SEC) said on Sunday it would buy back its SR5 billion ($1.3 billion) debut sukuk issued in 2007, in accordance with the terms of that issue. The sukuk is due to expire in 2027 but under the terms, SEC must offer More… |
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Alstom delivers 1.2GW power plant to SaudiAlstom, a global power company, has announced the handover of a major 1.2 GW (gigawatts) steam power plant to the Saudi Electricity Company (SEC), following timely completion of the project's final unit. The construction of Shoaiba III, wh More… |
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Saudi Electricity closes $1.75bn bond issueSaudi Electricity Company (SEC) has announced the successful closure of a $1.75 billion dual-tranche Sukuk issue, comprising a $500 million with a five-year maturity and a $1.25 billion with a 10-year maturity. The largest utility in the M More… |
