This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy. We won't track your information when you visit our site. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again.

Saudi Electricity awards France's Engie $1.2bn power station contract

Saudi Electricity Co said on Wednesday that in partnership with national oil giant Saudi Aramco, it had awarded a contract to French utility company Engie to build a 1,504 megawatt power plant.

The Fadhili power plant will be built at a cost of $1.2bn and owned 30 per cent by Saudi Electricity, 30 per cent by Aramco and 40 per cent by private sector partners, the statement said. It did not name the private partners.

The plant will be operational by December 2019 and financing will be raised through the partners and other external sources, it said without elaborating.

Share This Post

related posts

 

On Top