Saudi Electricity Co. (SECO) signed contracts valued at US$308mn with two local companies to develop power facilities in the kingdom.
Zamil Projects has been awarded a new contract worth US$$37.9mn from Doosan Heavy Industries & Construction Company to provide Engineering, Procurement and Construction (EPC) services and mechanical works for the HVAC systems and equipment at Rabigh Power Plant Stage 2.
Doha Cables has been awarded a two-year contract by Qatar General Electricity & Water Corporation (Kahramaa) to supply power cables in deal worth US$494mn.
The Dubai Supreme Council of Energy, a government body that sets energy policy, has announced that it would be freezing utility tariffs in Dubai over the next few years.
Phoenix Power Company, the special purpose vehicle created for the construction of the Sur Independent Power Project (IPP), is looking at launching an IPO for the project in 2014.
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