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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’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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