Saudi Electricity Co. said Saturday it signed a deal to build a new SR4.6 billion ($1.23 billion) power plant in Shoaiba, some 120 km (75 miles) south of the Red Sea city of Jeddah. The statement did not say which company has been awarded the contract to build the project - called Shoaiba II - but industry sources said South Korea's Daelim Industrial has won the deal. The combined-cycle plant will have a power capacity of 1,238 megawatt (MW), SEC said in a statement. Saudi Electricity has an $80-billion investment plan to increase its power generation capacity by 30,000 MW by 2018 to meet power demand which is growing at around 8 percent annually. The plant, which will be in operation in almost 3 years, will help SEC meet rising power demand from the western region, SEC added. Meanwhile, a delegation from Saudi Electricity Co. visited Dubai Electricity and Water Authority aimed at reviewing best practices adopted by DEWA and identify the work environment in which DEWA has achieved its global reputation for applying best standards in the fields of corporate excellence, quality and leading change. Saeed Mohamed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), welcomed the delegation headed by Abdelrahman Mohammad Al Obaid, Head of Human Resources Organization and Planning at SEC and Saad Al Qahtani, Director of Continuous Changing and Improvement. During the meeting, Dr. Abdelelah El-Smadi, planning expert, presented DEWA's development and its significant achievements in current and future key water and electricity projects. Fahmi Abdeen, Senior Manager, Corporate Excellence, showed DEWA's achievements in the field of corporate excellence and excellence plans for the future.
