$500 million double contract deal for Alfanar
Contracts for two power projects awarded by Saudi Electric Company
Two contracts worth more than $500 million have been signed between the Riyadh-based Alfanar construction and the Saudi Electricity Company, for the reinforcement of Hail 2 Power Plant Extension III, and the construction of the high-speed Harmain Railway Substations.
The Hail 2 Plant Extension Project will see the facility’s power generation capacity add a total of 280 megawatts of electricity to Hail’s current generation, with the first two units expected to be operational by August 2012. These initial two units will also enable the future conversion of the plant into combined cycle.