VOL. XXXIX
No. 28
8-April-1996
SAUDI ARABIA
Ghazlan Bids Now Submitted
It now appears that four groups have gone ahead with the bidding for the $500mn financing required over 11 years by the Saudi power utility SCECO-East to expand its Ghazlan power station. Sources close to the bidding say that the reason for the second extension of the process to 25 March was probably because a fourth group - rumored to be the international group put together by Saudi International Bank and...
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