Middle East Economic Survey
SEC Appoints GDF Suez As Preferred Bidder For Riyadh-Based PP11 IPP
The Saudi Electricity Company (SEC) has appointed the GDF Suez/Al-Jomaih consortium as first-ranked bidder to develop the Riyadh PP11 independent power project (IPP). The Suez consortium was the second lowest bidder of the five that were competing for the project, offering 10.79 hals (SR0.179) per kilowatt-hour. This was considerably higher than the...