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(ANSAmed) - JEDDAH, JULY 4 - Alstom has signed a letter of intent with the Saudi Electricity Company for a SR 1.9 billion (some 338 million euro) turnkey contract to build a new 1,200 MW steam power plant in Saudi Arabia, according to information made available to Khaleej Times yesterday. This new plant will be constructed adjacent to the existing Shoaiba power station, 100 km south of Jeddah. Following the project, the Shoaiba power plant will comprise 14 units of 400 MW each, bringing the total output to 5,600 MW. The contract will be finalised in the coming months. "With this new Shoaiba contract, Saudi Electricity Company proves its ongoing trust in Alstom and recognition of Alstom's competence and expertise as a reliable provider of integrated power solutions," said Philippe Joubert, Alstom executive vice-president and president, Power Systems. (ANSAmed).