Middle East Economic Survey
Banias Power Plant Unit Commissioned
The first of two units, each of 165mw capacity, at the Banias power plant was recently put in operation, with the second one scheduled for start-up by end-June. A $63mn turnkey contract for the rehabilitation of the two units was awarded to Irans Azar Ab Energy Industries Development in early 2003, and ABB of Germany and Ansaldo of Italy were hired as secondary contractors. Azar Abs contract covered the...