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FINANCIAL NEWS
KSA’s utility firm closes USD667m deal to build Green Duba
03 Nov 2015
(MENAFN) Saudi Electricity Co. (SEC), the Gulf’s biggest utility, made a deal with two firms to construct and operate the Green Duba power plant for USD667 million.
The promising plant will cultivate 43 MW of solar energy, and the two companies are Spanish Inteq Energia and the Saudi Services for Electro Mechanic Works (SSEM).
Green Duba will be Saudi Arabia’s first fossil-fuel fired power plant to utilize solar energy creation to boost efficiency known as an integrated solar combined cycle (ISCC) plant.
Moreover, the completed plant will save the equivalent of 3 to 4 million barrels of fuel over the life of the project and cut carbon emissions by 50 thousand tons per year.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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