SEC Awards Shuqaiq Power Plant To Hyundai
Saudi Electricity Company (SEC) has awarded a SR12.23bn ($3.3bn) engineering, procurement and construction (EPC) contract to Korea’s Hyundai Heavy Industries for a 2.64GW oil-fired power plant at Shuqaiq. In a 4 August statement to the Saudi Stock Exchange, SEC said work on the project would begin immediately, with commissioning scheduled to begin in November 2016 and commercial operation to start in January 2017....
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