A consortium of Saudi Arabia's Acwa Power International and the Korea Electric Power Corporation (Kepco) has been awarded key contracts to supply and build Saudi Electric Company's (SEC) first independent power project (IPP), the SR9-3bn ($2.5bn) Rabigh project on the kingdom's west coast. SEC has agreed to buy the output over a 20 -year period from the 1200 MW plant, which is being constructed on a build-ownoperate basis. The first phase of the scheme is due to be complete in July 2012, with full operation commencing in early 2013. The plant will be operated by a joint venture company, The First National Operation & Maintenance Company.
Copyright PennWell Corporation Jul/Aug 2009
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