WorleyParsons Limited
(ASX:WOR) says it’s been awarded a services contract for two of Saudi Electricity Company’s new greenfield power plants worth over $121 million.
The energy sector service provider will carry out conceptual engineering, detailed design, material procurement and project management under the contract agreement.
The Kingdon of Saudi Arabia is planning a major power generation and transmission expansion program over the next 10 years.
WorleyParsons CEO Andrew Wood says the contract shows a commitment by Saudi Electricity Company to the importance of increasing the kingdoms generation capacity.
WorleyParsons reported a net profit of $165.9 million for the first half of the 2013 financial year.
