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FINANCIAL NEWS
ABB wins contract for Saudi water desalination plant
13 Jan 2013
(MENAFN) Swiss power group ABB has secured a contract from Saline Water Conversion Corporation (SWCC), Saudi Arabia’s government agency responsible for desalinating sea water, for a desalination project, Arabian Business reported.
The contract includes designing and delivering 420 kilovolt (kV) high voltage gas insulated switchgear (GIS) for a new desalination facility in the Gulf Kingdom.
The company will also provide support for the grid integration of a new 2.5 gigawatts (GW) power generation plant being developed by SWCC.
The desalination plant, slated for completion in June 2014, is located in Yanbu Industrial City, a major port on the Red Sea in the Al Madinah province.
The plant will have a capacity to produce 550,000 cubic meters of desalinated water per day.
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25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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