# 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.

- Type: Contract
- Announced: 2026-11-05
- Where: Western Province, Saudi Arabia, Saudi Arabia
- Value: $2.20B
- Status: announced
- Capacity: 2.3 GW
- Products: gas turbines, steam turbines, heat recovery steam generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Elsewedy Electric](https://endata.com/companies/15852.md)
- [ACWA Power](https://endata.com/companies/5576.md) (customer)
- [Sinohydro](https://endata.com/companies/15853.md) (partner)

## Sources

- [gulfconstructiononline.com](https://www.gulfconstructiononline.com/Article/488912/elsewedy-electric-jv-lands-epc-contract-for-%242.2bn-rabigh-2-expansion-project), 2026-11-05: "Elsewedy Electric said this formally launches full-scale execution of the 2.3 GW facility under the joint venture’s responsibility."

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