SEC, consortium sign SR7.9b contract

JEDDAH -- The Saudi Electricity Company, or SEC, has signed a SR7.9 billion contract with a consortium to build a gas-fired power plant. The signing ceremony was attended by top Saudi officials including Minister of Water and Electricity Abdullah Al Hussayen and Ibrahim Al Jomaih, chief of the Jomaih Group. A large number of senior executives of the three consortium companies the GDF Suez of France, Japan's Sojitz Corp. and Al Jomaih Holding Group also attended the event.