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FINANCIAL NEWS
Shuqaiq starts operations at Saudi plant
02 Jun 2010
(MENAFN) Shuqaiq Water & Electricity Company (SqWEC) announced that it has started commercial operation of its water desalination units with a capacity of 212,000 cubic me after completing operational testing, Reuters reported.
The plant is currently producing 212,000 cubic meters of desalinated water per day. The facility will also generate 850MWh of electricity by the end of the year. SqWEC will mainly supply the Jazan and Asir areas.
Construction of the project commenced on May 31, 2007 at a cost of $1.9 billion and included 16 reverse osmosis units to desalinate water and three 280MW turbine and boiler units with flue gas desulphurization to generate power and an electrical substation connecting the plant to the Saudi Electric Company grid.
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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