Saudi SEC Chooses GDF Consortium for Plant

SEC has chosen a consortium led by France's GDF Suez to build a $2bn power plant in the country. A consortium led by France's GDF Suez is the preferred bidder to build a US$2 billion power plant in Saudi Arabia, an executive at Saudi Electricity Co (SEC) said on 3 March.

Speaking to Reuters, Amer al Swaha, head of independent power producer (IPP) projects, SEC, said: "The consortium (of GDF and al Jomaih Group) offered the best complied bid of US$0.02873 per kilowatt hour."

He added: "We apologised to the other four bidders."- Arabian Business