15 Jul 2010
(MENAFN) Saudi Arabian utility Marafiq has invited international firms to bid to build a $1.5 billion, 850 megawatt (MW) steam power plant in the Red Sea port of Yanbu, Reuters reported.
The plant, to be fired with heavy fuel oil or Arab light crude as a backup, one of the sources said, is part of the leading crude exporter?s drive to increase power generation to keep pace with rising industrial demand.
Those invited to bid for the main power package include Germany?s Siemens, Spain?s Tecnicas Reunidas and Italy?s Saipem and US engineering company Bechtel.
Asian companies in the running are South Korea?s Hyundai Heavy Industries Co, Samsung Engineering, Hanwha Engineering and Construction Co and Daelim Industrial.
The work is also divided into three other packages, each with a different closing date for bids.
08 Apr 2026
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
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more