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,...