Elsewedy Electric and Siemens Energy consortium signs ECA for Rabigh 1 Expansion power plant

The consortium of Elsewedy Electric PSP and Siemens Energy has signed a 25-year Energy Conversion Agreement valued at SAR 5.33 billion (USD 1.4 billion) with Saudi Electricity Company and Saudi Power Procurement Company for the Rabigh 1 Expansion, a ~1,200 MW CCGT power plant in Rabigh, Saudi Arabia.

“Rabigh 1 Expansion is a ~1,200 MW Combined Cycle Gas Turbine (CCGT) power plant, located about 135 km north of Jeddah in the city of Rabigh with carbon capture readiness.”zawya.com

• 1 source
• zawya.comThe consortium of Elsewedy Electric and Siemens Energy mark major breakthrough in Saudi Arabia’s energy transition | ZAWYAFeb 18, 2026

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