Marubeni submits lowest bid for Saudi plant

04 January 2010

Saudi Electricity has said that a consortium led by Japan's Marubeni Corp has proposed the lowest tariff to build a 2,000 megawatt power plant in Riyadh, Reuters has reported. The consortium, which includes Kansai Electric and Saudi Masader Co for Power, Water and Gas, had proposed a levelised electricity cost - which includes costs of production, fuel, financing and operations - of 0.077 riyals per kilowatt hour, the company said.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications