Saudis consider strategy switch at Ras Azzour
- From: Vol 10, Issue 4 (April 2009)
- Category: General
- Region: Middle East
- Country: Saudi Arabia
- Related Companies: Japan Bank for International Cooperation, Saudi Water and Electricity Company and Sumitomo
The banking commitments secured by the preferred consortium on the Ras Azzour IWPP have now expired. The client is looking closely at radical steps to ensure timely delivery.
The Saudi Arabian government is looking closely at the option of procuring the 1 million m3/d & 1500MW desalination and power plant at Ras Azzour under a traditional engineering, procurement and construction (EPC) contract, after banking commitments to develop the project using private finance expired on 30 March.
JBIC, along with five international banks and three Saudi institutions, had agreed ...
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