Middle East Economic Survey
VOL. LIV
No 39
26-Sep-2011
SAUDI ARABIA
ACWA To Develop Worlds Biggest IPP For SEC
Saudi engineering contractor ACWA signed an agreement on 21 September with the Saudi Electricity Company (SEC) to develop the nearly 4gw Qurayyah independent power project (IPP). Originally conceived as a 1.8gw project, its scope was more than doubled to 3.927gw due to cost savings on tariffs, and it is now potentially the worlds largest gas-fired IPP. The project, SECs third,...
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