Saudi asks for bidders on $1.5bn power plant

15 July 2010

Saudi utility Marafiq has invited firms to bid to build a $1.5bn, 850 megawatt steam power plant in the Red Sea port of Yanbu, Reuters has reported, citing industry sources. The plant is to be fired with heavy fuel-oil or Arab light crude as a backup, according to one of the sources. The project is part of Saudi Arabia's push to increase power generation to keep pace with rising industrial demand.

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