Saudi Electricity Company (SEC) has signed a new deal worth SR12.75 billion (US$3.4 billion) with South Koreas Doosan Heavy Industries and Construction to build a 2,555 megawatt (MW) power plant at Rabigh.
Energy
Another step forward for Saudi Arabia's power sector
Saudi Electricity Company (SEC) has signed a new deal worth SR12.75 billion (US$3.4 billion) with South Koreas Doosan Heavy Industries and Construction to build a 2,555 megawatt (MW) power plant at Rabigh.
Kuwait to expand electricity grid
Kuwait is set to dramatically increase the countrys power capacity to 17,500 MW by 2014, up from the current capacity of 12,000 MW, according to Minister of Electricity, Badr al-Shuraian.
South Korean firms expanding in Abu Dhabi
South Korean firms are looking to increase their hold on Abu Dhabis industrial sector, reports The National.
US$1.5 billion power project contract awarded
Abu Dhabi Water and Electricity Authority (ADWEA) has awarded Korea Electric Power Corp (KEPCO) and Sumitomo Corp. the contract for a US$1.5 billion power project in the UAE. The companies will sign the final agreement by February 2011 after raising funds through project financing. The project consists of a 1,600MW gas-fired power plant, to be built in Shuweihat, 260 km west of the capital Abu Dhabi, and scheduled for commercial operation in March 2014, according to KEPCO.
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