# Elsewedy Electric JV secures $2.2B EPC contract for Rabigh 2 IPP expansion

Elsewedy Electric'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: 2018-03-09
- Where: Rabigh, western province, Saudi Arabia
- Value: $2.20B
- Status: announced
- Capacity: 2.3 GW
- Products: gas-fired combined-cycle power plant, Siemens SGT6-5000F gas turbines, Siemens SST-5000 steam turbines
- 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

- [tradearabia.com](https://tradearabia.com/News/487949/Elsewedy-Electric-JV-lands-contract-for-%242.2bn-Rabigh-2-IPP-project), 2018-03-09: "Rabigh 2 IPP Expansion is an important addition to Saudi Arabia’s power system, providing the reliable and flexible generation capacity needed to support the kingdom’s growing electricity demand."

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