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Power Generation Equipmentworld trade 2024+2.1% 5Y CAGR

Oct 13, 2026CONTRACTRabigh, western province, Saudi Arabia

Elsewedy Electric JV wins EPC contract for $2.2bn Rabigh 2 IPP project

Elsewedy Electric PSP's joint venture with Sinohydro secured the EPC contract for the Rabigh 2 Independent Power Plant Expansion Project in Saudi Arabia, valued at $2.2 billion. The 2.3 GW gas-fired combined-cycle plant is targeted for commercial operation in May 2029.

Value

$2.20B

Status

Announced

Capacity

2.3 GW

Productsgas-fired combined-cycle power plant

CompaniesElsewedy Electric PSP ACWA Power investor Sinohydro partner Al Mourjan Two for Electricity Company customer Saudi Energy investor

Sectors#Power Generation Equipment

“Elsewedy Electric PSP has announced that its joint venture with Sinohydro has secured the engineering, procurement, and construction services contract for the Rabigh 2 Independent Power Plant Expansion Project with a total value of $2.2 billion.”gulfconstructiononline.com

1 source
gulfconstructiononline.comElsewedy Electric JV lands contract for $2.2bn Rabigh 2 IPP projectBina GoveasNov 9, 2026

Summarized from public sources; check the original articles before acting on it.

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