National Contracting Company (NCC), a Saudi company, has won the contract to add 960 MW of capacity to the 1,700 MW Rabigh power plant on the Red Sea coast.
The contract is the fifth time that capacity at the plant has been expanded.
NCC was the lowest bidder for the engineering, procurement, construction and turbine supply contract after submitting an offer of SR3bn ($802m) earlier in 2007.
The Middle East Engineering & Development Company, a joint venture between a local business and a South Korean company, and Al-Fanar Construction Company also from Saudi Arabia, won associated packages on the project, bringing the total value of the three contracts to SR3.8bn.
Saudi Electricity Company is the client.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com 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.
