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Elsewedy Electric and Sinohydro sign $2.2 billion Saudi power plant contract

  • 4 hours ago (2026-10-15)
  • David Flin
Gas 487 Middle East 376

A consortium comprising Egypt’s Elsewedy Electric Power Systems Projects, a subsidiary of Elsewedy Electric , and China’s Sinohydro has signed a $2.2 billion contract to expand Saudi Arabia’s Rabigh 2 IPP. The expansion will add 2.3 GW of capacity, with commercial operation scheduled to start in May 2029.

Asia Pacific Nuclear Energy (APNE) 2026
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Asia Pacific Nuclear Energy (APNE) 2026

The contract covers the EPC of the CCGT plant. The consortium will handle design, engineering, and procurement, as well supply, installation, construction, commissioning, performance testing, civil works, and connection of the plant to the national grid.

The project includes six gas turbines and two steam turbines manufactured by Siemens, in addition to six HRSGs, a cooling tower, control systems, and supporting mechanical and electrical equipment.