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- Saudi Aramco's Jafurah Gas Plant Begins Output with 450 Million Cubic Feet Per Day
- Bahrain Marina seals partnership deal with Batelco by Beyon
- Investcorp Capital acquires $400m industrial assets across US
- The British Embassy honors Gulf Bank for empowering people with disabilities
- Saudi flour company MC4 starts work on new production facility
- Alba celebrates major contributions of its female workforce
- H&H unveils new ultra-luxury destination in Jumeirah
- Top architect Frida Escobedo lands contract to design Qatar ministry HQ
- QSE edges lower on selling pressure in banks, consumer goods & insurance; M-cap adds QR2.13bn
- US, UAE Central Banks on track for final interest rate cut of 2025 next week
31/12/2014 16:50 AST
State-owned utility Saudi Electricity Company (SEC) has signed a SR4.5 billion ($1.2 billion) contract with US power giant General Electric to establish the kingdom's first fossil fuel and solar power plant near the Red Sea port of Dhuba, said a report.
The 600-megawatt (MW) integrated solar combined cycle (ISCC) plant will primarily burn natural gas, but will generate 50 MW with the support of solar energy to increase fuel efficiency. It will be commissioned in 2017, reported the Arab News.
The plant will help boost the kingdom's power supply and also enable it to export electricity to Egypt, Turkey and Europe, said the report.
In addition to the establishment of an integrated green power plant, the contract includes construction of supply lines to Tabuk, it added.
"It is the largest environment-friendly project in the kingdom," the Water and Electricity Minister Abdullah Al-Hussayen was quoted as saying.
The SEC's chief executive Ziyad Al Shiha was quoted as saying the plant would have three power generating units - two powered by gas and the third by steam - to produce 550 MW in addition to solar energy-powered units to produce 50 MW.
Trade Arabia
28/10/2025
Saudi Electricity Company (SEC) has signed power purchase agreements worth SAR12.8 billion ($3.4 billion) for two large scale CCGT (Combined Cycle Gas Turbine) power plants located in Riyadh city wit
Trade Arabia
11/08/2025
Saudi Electricity Company (SEC) continued to deliver robust financial and operational performance in the second quarter and first half of 2025, said an SEC press release issued on Sunday.
Re
Asharq Al Awsat
13/04/2025
Saudi Electricity Company (SEC) has announced that it has received bids from leading utility majors for the construction of two 380kV substations at Afif city in central Saudi Arabia in the Najd regi
Trade Arabia
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05/12/2025
The first phase of oil giant Aramco's Jafurah gas plant is complete and production has begun with a capacity of 450 million cubic feet per day, the Saudi finance ministry said on Tuesday.
Th
Asharq Al Awsat
05/12/2025
Bahrain Marina Development Company (BMDC), the master developer of the Bahrain Marina project on the eastern waterfront of Manama, has announced the signing of a strategic partnership agreement with
Trade Arabia
05/12/2025
Investcorp Capital (ICAP), a company listed on the Abu Dhabi Securities Exchange, today (December 4)announced that it has successfully acquired a diversified portfolio of industrial assets for $400 m
Trade Arabia
05/12/2025
In recognition of its sustained commitment to promoting inclusivity and fostering a workplace environment that embraces all segments of society, Gulf Bank received a special invitation from the Briti
Kuwait Times
05/12/2025
Leading Saudi flour production company Fourth Milling Company (MC4) has broken ground on its new production facility at Al Kharj region of the kingdom. This comes as part of its SAR265 million ($71 m
Trade Arabia
Financial Information Co.
Saudi Arabia