# 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.

- Type: Contract
- Announced: 2026-02-18
- Where: Rabigh, Saudi Arabia, Saudi Arabia
- Value: $1.40B (5.33B SAR)
- Status: announced
- Capacity: ~1,200 MW
- Products: combined cycle gas turbine power plant
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Elsewedy Electric PSP](https://endata.com/companies/30612.md)
- [Siemens Energy](https://endata.com/companies/6803.md) (partner)
- [Saudi Electricity Company](https://endata.com/companies/8447.md) (customer)
- [Saudi Power Procurement Company](https://endata.com/companies/30639.md) (customer)

## Sources

- [zawya.com](https://www.zawya.com/en/press-release/companies-news/the-consortium-of-elsewedy-electric-and-siemens-energy-mark-major-breakthrough-in-saudi-arabias-energy-transition-360795), 2026-02-18: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.