Elsewedy Electric JV wins $2.2B EPC contract for Rabigh 2 power plant expansion

A joint venture of Elsewedy Electric and Sinohydro secured an EPC contract from Acwa Power for the $2.2 billion Rabigh 2 IPP expansion project in Saudi Arabia. The 2.3 GW gas-fired combined-cycle plant is targeted for commercial operation in May 2029.

“Elsewedy Electric said this formally launches full-scale execution of the 2.3 GW facility under the joint venture’s responsibility.”gulfconstructiononline.com

• 1 source
• gulfconstructiononline.comElsewedy Electric JV lands EPC contract for $2.2bn Rabigh 2 expansion projectNov 5, 2026

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