From Us-sabc.org: Saudi Electricity Company (SEC) will receive a $4 billion (SR15 billion) loan from the Saudi Government over the next two years. SEC plans to use this loan to award contracts for a 2,400 megwatt power plant in Rabigh. The plant is expected to be completed in the summer of 2014, with the contracts being awarded in the coming weeks.
South Korea’s Doosan Heavy Industries and Construction, Hyundai Heavy Industries, and France’s Alstom are current bidders on the project………………………………….Full Article: Source