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FINANCIAL NEWS
Saudi SEC hires HHI to build USD3.4b power plant
05 Aug 2013
(MENAFN) Saudi Electricity Co (SEC) has inked a USD3.4 contract with South Korea’s Hyundai Heavy Industries Co Ltd (HHI) to build a power plant in Shuqaiq, Reuters reported.
SEC is the largest utility company in Saudi Arabia, the world’s largest oil exporter.
The deal includes installing four steam generating units with highly efficient boilers to produce 2,640 megawatts of capacity, SEC said.
The plant, located in Jizan province, will be built within five years.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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
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