VOL. XLII

No. 23

7-June-1999

SAUDI ARABIA

Saudi Arabia痴 SCECO-West Signs Contracts For Shuaiba PowerPlant

The Saudi Consolidated Electric Company-West (SCECO-West)signed on 30 May three contracts pertaining to the construction of the $1.6bnShuaiba power plant in southwestern Saudia Arabia. The contracts are worth atotal of SR604mn ($161mn). The first was with Hitachi Corp. of Japan and worthSR205mn ($54.6mn) for the construction of a 500-megawatt power transformerstation. The other two contracts...