SEC awards $288m contract to Bemco
Riaydh, January 13, 2010
Saudi Electricity Co (SEC) awarded a 1.08 billion riyal ($288 million) contract to Arabian Bemco Contracting Co to expand one of its power plants to meet growing demand, state news agency SPA said.
The increased capacity will boost electricity production in Qassim, an agricultural region in the centre of Saudi Arabia, which has reached a load of 2,000 megawatts.
'The firm has authorised this year projects worth 2.2 billion riyals in Qassim to meet the growing demand for electricity,' Ali Saleh al-Barrak, SEC's chief executive, was quoted by SPA as saying.
The new projects will be completed within three years, he said. - Reuters
More Energy, Oil & Gas Stories
- Iraq oil export plunges in Dec
- Fuel prices in Bahrain set to double by 2017
- Iraq's oil exports rise to 71.4m barrels in Nov
- MEE launches energy conservation contest
- TSL wins Jordan solar power contract
- SEC signs $366m loan for Jeddah power plant
- Kurdish oil exports 'only with Iraq approval'
- UAE launches energy conservation drive
- Rising Saudi fuel use 'bigger threat than shale'
- Dentons boosts Mideast energy practice