Saudi Arabia To Invest $2.7Bn In Power Projects Over Six Years
Saudi Arabia will invest some SR10.2bn ($2.7bn) in new power projects over the next six years to meet growing demand for electricity in the Kingdom, an official of the Saudi Ministry of Industry and Electricity announced last week. The official said that financing for these projects will come from the higher electricity tariffs introduced last January in the 1995 budget. The higher...
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