VOL. XLVI

No 21

26-May-2003

SAUDI ARABIA

Company Formed To Buy Power/Water From Private Sector

Water and Electricity Minister Ghazi al-Qusaibi on 13 May announced the formation of a company to buy electricity and desalinated water from private sector projects for distribution to consumers. The company is a joint venture between two public sector institutions, the General Authority for Water Desalination; and the Saudi Electricity Company (SEC). The new company will absorb the difference between...