# Power Mech Projects subsidiary wins $52.1M contract for Rabigh 2 IPP Expansion

Power Mech Arabia Contracting Company, a subsidiary of Power Mech Projects Limited, has entered into a contract worth USD 52,119,109 with a joint venture of Elsewedy Electric Power Systems Projects and Sinohydro Corporation Limited for installation work on the Rabigh 2 IPP Expansion Project in Saudi Arabia.

- Type: Contract
- Announced: 2026-11-06
- Where: Rabigh, Saudi Arabia
- Value: $52.1M
- Status: announced
- Products: Heat Recovery Steam Generators, Steam Turbine, Combined Cycle Piping
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Power Mech Projects](https://endata.com/companies/49145.md)
- [Power Mech Arabia Contracting Company](https://endata.com/companies/94942.md)
- [Sinohydro](https://endata.com/companies/15853.md) (customer)
- [Elsewedy Electric Power Systems Projects](https://endata.com/companies/84310.md) (customer)

## Sources

- [bazaarwatch.com](https://bazaarwatch.com/announcement/292568/power-mech-projects-limited-bagging-receiving-of-orders-contracts), 2026-11-06: "Power Mech Projects Limited has informed the Exchange about bagging/receiving of orders/contracts worth USD 52,119,109 (~ INR 492 Crores) for the Rabigh 2 IPP Expansion Project."

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