http://www.bahraintribune.com/ArticleDetail.asp?ArticleId=134033&CategoryId=5

Saudi awards $3.4b contract

PARIS (Dow Jones)
Suez Energy International, a unit of the French energy group Suez, said 
yesterday a consortium that it leads has been awarded a $3.4 billion 
contract to build the world's largest power and desalination project.
Suez's partners are Gulf Investment Corp. and Arabian Company for Power 
& Water Projects. The consortium will own 60 per cent of the project. 
The project will make Suez the leading power production developer in the 
Middle East, and will lift its total power capacity in the region to 
8,200 megawatts.
The BOOT (build, own, operate and transfer) contract is for a power 
station with a capacity of 2,750 MW, and a 800,000 cubic metres per day 
desalination facility, to be located at Jubail, northeastern Saudi Arabia.
The contract was awarded by the Power and Water Utility Company for 
Jubail and Yanbu (Marafiq), and will supply water and electricity to 
industrial and non-industrial customers in the Jubail Industrial City 
and eastern province.

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