SR 11.96 bn Jeddah power plant deal awarded
Arab News | Reuters | 10.9.12
Saudi Electricity Co. has awarded contracts for South Korea’s Hyundai and Japan’s Mitsubishi to build and supply equipment for a large power plant in Jeddah, SEC said yesterday.
Hyundai Heavy Industries (HHI) will build the 2,650-MW power plant known as Jeddah South, while Mitsubishi Heavy Industries (MHI) will supply equipment for the oil-fired plant.
SEC expects the plant to burn much less fuel oil per unit of electricity produced.
“We are using for the first time in the kingdom super critical boilers which have a higher efficiency, reaching up to 40 percent efficiency in fuel consumption,” SEC’s chief executive Ali bin Saleh Al-Barrak told Reuters.