Saudi gas-fired cogen initiative to mark several firsts in kingdom

The first of Saudi Arabia's four planned privately operated natural gas-fired cogeneration power plants is slated to start up in March 2006.That watershed also will mark the first large-scale independent power project to be undertaken by the private sector in the desert kingdom.And, say officials with state oil and gas company Saudi Aramco, the deals tied to the projects mark a new approach to noncore project development in Saudi Arabia that they claim demonstrates a more business-friendly private investment climate.Cogen project detailsSaudi Aramco in December 2003 signed a series of agreements underpinning the development of the four cogeneration projects at the company's proces...

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