SEC extends deadline on Rabigh power project

Contractors now have until end-October to bid for US $4bn plant

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SEC has extended the bid deadline for the Rabigh plant expansion until the end of October.
SEC has extended the bid deadline for the Rabigh plant expansion until the end of October.

Citing the possibility of saving money due to a fall in costs, Saudi Electricity Company (SEC) has extended the deadline for bids to build a 2,400 MW power plant in Rabigh by three months.

According to the Arab News daily, the estimated cost of the plant has dropped by 20% to around US $4 bilion. Contractors now have until October 31 to submit their bids, instead of until the end of this month.

The Rabigh expansion accounts for around 12% of the extra 20,000MW SEC is planning to come online between now and 2018, at a total cost of $80 billion, said the paper.

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