SEC To Sign Rabigh-2 Power Plant Deal, Concludes $2Bn Sukuk
Saudi Electricity Company (SEC) announced on 30 March that a signing ceremony for the power purchase agreement for the Rabigh-2 independent power producer (IPP) project would take place on 8 April. This will mark the end of a bidding process that saw a consortium of Riyadh-based ACWA Power International, South Korea’s Samsung and Dubai-based MENA Infrastructure Fund appointed as first ranked bidder...
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