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FINANCIAL NEWS
Saudi Electricity awards contract to Shaw Group
25 Apr 2010
(MENAFN) The Chief Executive Officer at the Shaw Group Inc. announced that it has been won a multi-phase contract with the Saudi Electricity Company, according to a press statement.
Under the contract, Shaw will perform a three-phase study to define and recommend operational improvements at 53 power plants throughout the Kingdom of Saudi Arabia.
Once the study is complete, Shaw expects to contract with Saudi Electricity Company to provide the modification services for those plants.
Shaws contract was signed just before King Abdullah of Saudi Arabia announced his countrys commitment to the research and funding of nuclear power.
The undisclosed value of the contract will be included in Shaws Fossil, Renewables & Nuclear segments backlog of unfilled orders in the third quarter of fiscal year 2010.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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