(MENAFN) Saudi Electricity Co (SEC) has awarded South Korea's Hyundai Heavy Industries (HHI) and Japan's Mitsubishi Heavy Industries (MHI) contracts to build an oil-fuelled power plant in Jeddah, Arabian Business reported.
Under the contracts terms, HHI will build the 2,650-megawatt power plant known as Jeddah South, while MHI will supply equipment for the oil-fired plant.
CEO Ali bin Saleh al-Barrak said the plant will use super critical boilers which have a higher efficiency, reaching up to 40 percent efficiency in fuel consumption, to burn much less fuel oil per unit of electricity produced.
Earlier, SEC has awarded a USD3.12 billion contract to build a 2.7 gigawatt power plant in south Jeddah to an unidentified bidder.
SEC has plans to spend around USD35 billion on high voltage power lines, with additional USD25 billion spent on distribution networks over the next 10 years.
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