4,000MW power plant for Saudi Arabia
SEC signs $2.85bn power deal with construction consortium
The Saudi Electric Company has signed a deal for the construction of a 4,000 megawatt gas-fired power plant near Khobar.
The $2.85bn agreement has been signed with a consortium led by Saudi ACWA Power Projects, and also includes South Korean firm Samsung C&T. The consortium will construct the plant in two stages, and it will be the third of five planned power stations hoped to add 11,000 megawatts to the nation’s grid.
Fuelled by natural gas, the plant will burn 600 million cubic feet per day with the SEC retiring older plants in order to balance out feedstock supplies.
"The fuel will be natural gas and part of it will come from the old, retired gas-fired power plants which are already more than 35 or 40 years old and will be shut down and the allocated gas will be diverted to this power plant," Ali bin Saleh al-Barrak, CEO of the Saudi Electricity Co, said in an interview with Reuters.