By P.K. Abdul Ghafour, Arab News

JEDDAH, 21 December 2006 — The Royal Commission for Jubail and Yanbu announced yesterday that it signed an SR12.6 billion contract with a consortium headed by French-Belgian utility company Suez to establish a giant dual purpose Independent Water and Power Plant (IWPP) in the eastern industrial city of Jubail.

Prince Saud ibn Abdullah ibn Thunayyan, chairman of the Royal Commission and Marafiq Company, said the plant, the largest in the world, would start production in the second half of 2009. It will supply 800,000 cubic meters of water and 2,700 megawatt electricity daily. "This is the largest IWPP project in the world, that will be set up on the basis of build, operate and transfer (BOT) system," Prince Saud said after signing the agreement at the Royal Commission's headquarters in Riyadh. The Jubail plant comes under the Power and Water Utilities Company for Jubail and Yanbu (Marafiq).

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Posted by pichu at December 21, 2006 12:48 PM