State-owned Saudi Electricity Co is splashing out hundreds of millions of riyals to improve its power distribution network, after thousands of people suffered blackouts last month including some in two of the kingdom's biggest cities Jeddah and Riyadh.
August 14, 2012 10:50
Saudi water and power project developer Acwa Power is "very keen" to buy the power assets being sold by Malaysian tycoon Ananda Krishnan, the company's chief financial officer said on Monday.
February 28, 2012 2:46
Malaysian tycoon Ananda Krishnan's sale of over $3 billion worth of power assets has attracted 12 initial bids with a final round of bidding expected by the end of March, the Star newspaper reported on Saturday, citing unidentified sources.
February 25, 2012 12:08
Private utility provider UTICO has commissioned a $128 million water and power plant in Ras al-Khaimah (RAK).
March 30, 2011 4:02