Middle East Economic Survey

VOL. LIII

No 25

21-Jun-2010

SAUDI ARABIA

GDF Suez Signs Finance, Power Agreement For Riyadh IPP

GDF Suez (now called Kahrabel GDF Suez in the Middle East) and partners Aljomaih Holding Company of Saudi Arabia and Sojitz Corporation of Japan have signed agreements for both the financing and the power purchase agreement (PPA) for the Riyadh gas-fired independent power project (IPP), which is commonly known as PP11. The financing agreement was signed with lenders on 16...