Middle East Economic Survey

VOL. XLVIII

No 48

28-November-2005

SAUDI ARABIA

Shu'aiba Sponsors, WEC, Sign PWPA

Saudi Arabias Shu'aiba Water and Electricity Company (SWEC), on 15 November signed the power and water purchase agreement with Saudi Water and Electricity (WEC), the offtaker. SWEC was established on 22 August and is a joint venture between sponsors which comprise a Malaysia-led consortium comprising Acwa Power and Tenagh Nacional Berhad, with the support of international and Saudi...