Bloomberg News

Saudi Electricity Awards $120 Million Power Plant Contract

January 29, 2012

Jan. 29 (Bloomberg) -- Saudi Electricity Co. awarded a contract valued at 450 million riyals ($120 million) to an unidentified local company to supply and install two power generating units and transformers in Al Qaryat province.

The 120-megawatt units will enter service next year, the kingdom’s largest utility said in an e-mailed statement.

--Editor: Shaji Mathew

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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