Middle East Economic Survey
SEC Continues To Evaluate Bids For Riyadh PP11 IPP
The Saudi Electricity Company (SEC) and its advisers continue to evaluate developers bids, opened on 21 December, for the Riyadh PP11 independent power project (IPP). Five consortia bid for the build-own-operate (BOO) plant, which is expected to produce up to 2.0gw of electricity. The lowest bidder for the plant was the Marubeni consortium at 7.7721 hals/kwh, which considerably...