VOL. XLVI

No 40

06-October-2003

SAUDI ARABIA

46 Firms Bid For $1.3Bn Shu'aiba IWPP

The Water and Electricity Company (WEC) announced on 30 September that 46 Saudi and international firms had bid for a project to build, own and operate a crude-fired independent water and power plant (IWPP) at Shu'aiba, 120km south of Jiddah on the Red Sea coast. WEC launched a tender to select a developer in August, having received more than 30 expressions of interest (MEES, 1 September). The project is valued at...