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FINANCIAL NEWS
French utility wins USD1.2b Saudi power plant deal
06 Oct 2016
(MENAFN) French utility firm Engie won a main contract from Saudi Elect Co. in order to build a 1.504 MW power plant at an estimated cost of USD1.2bn.
Moreover, the plant is part of the Fadhili gas project which will become a key component of the kingdom”s master gas system.
In addition, the increase in the supply of natural gas will enhance by more than 17bn SCFD by 2020, enabling chances in Saudi industries like steel.
The project will be developed at a total cost of more than USD13.3bn with emphasis placed on in-kingdom expenditures.
More News
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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