Elsewedy Electric and Sinohydro Secure $2.2 Billion Saudi Power Project

Elsewedy Electric PSP, in a joint venture with Sinohydro, has secured the engineering, procurement, and construction (EPC) services contract for the Rabigh 2 Independent Power Plant Expansion Project in Saudi Arabia. The project, valued at $2.2 billion, involves the construction of a 2.3 GW gas-fired combined-cycle power plant. The joint venture is responsible for the full design, engineering, procurement, erection, construction, commissioning, and performance testing of the plant, including all associated civil works and interconnection with the national grid. The contract was awarded by Al Mourjan Two for Electricity Company, a special purpose vehicle established by Acwa Power and Saudi Energy. The plant is designed to include six Siemens SGT6-5000F gas turbines and two Siemens SST-5000 steam turbines, among other components. Commercial operation is targeted for May 2029, and the project has already achieved more than 39% progress with over five million safe man-hours recorded. The joint venture emphasizes its commitment to delivering the project safely and efficiently, reflecting a strong partnership with the developers.