Elsewedy Electric and Siemens Energy consortium signs $1.4B EPC deal for Rabigh 1 power plant expansion

A consortium of Elsewedy Electric and Siemens Energy signed a SAR5.3 billion ($1.4 billion) energy conversion agreement with Saudi Electricity Company and Saudi Power Procurement Company for the expansion of the Rabigh 1 power plant. The 1,200 MW CCGT plant is located near Jeddah and includes carbon capture readiness.

“The ECA, provides a 25-year framework for energy purchase starting from commercial operation, ensuring stable and reliable electricity supply to the Western Province.”tradearabia.com

• 1 source
• tradearabia.comElsewedy consortium achieves key Rabigh 1 expansion milestone with $1.4bn SEC dealRIYADHMar 9, 2018

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