# 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.

- Type: Contract
- Announced: 2026-10-13
- Where: Rabigh, western province, Saudi Arabia
- Value: $2.20B
- Status: announced
- Capacity: 2.3 GW
- Products: gas-fired combined-cycle power plant
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Elsewedy Electric PSP](https://endata.com/companies/30612.md)
- [ACWA Power](https://endata.com/companies/5576.md) (investor)
- [Sinohydro](https://endata.com/companies/15853.md) (partner)
- [Al Mourjan Two for Electricity Company](https://endata.com/companies/30613.md) (customer)
- [Saudi Energy](https://endata.com/companies/30614.md) (investor)

## Sources

- [gulfconstructiononline.com](https://gulfconstructiononline.com/ArticleTA/487949/elsewedy-electric-jv-lands-contract-for-%242.2bn-rabigh-2-ipp-project), 2026-11-09: "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."

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