Saudi signs nuclear agreement with South Korea
Saudi Arabia has signed a bilateral agreement with South Korea to enhance cooperation between the two countries in the development and use of atomic energy for peaceful purposes.
Saudi Arabia has signed a bilateral agreement with South Korea to enhance cooperation between the two countries in the development and use of atomic energy for peaceful purposes.
Alstom has been awarded an electrical power-plant contract in Iraq worth US$550mn.
Saudi Electricity Co (SEC) reported a 6 per cent decline in its net profit in the third quarter due to higher costs of purchased energy and increased depreciation expenses.
SEC is working on am ambitious US$80 billion investment programme to increase its power generation capacity by 30,000 MW by 2018. - Image : Arabian Bemco Contracting Co Ltd
Saudi Electricity Company (SEC) and an unnamed Saudi company have signed a US$1.44 billion contract to develop 1,200 MW of power generation capacity at a plant in Riyadh.