Share

SEC signs $1.44bn power deal for Riyadh plant

1,200 megawatt combined cycle plant to be built in Riyadh

Share
Saudi Arabia signs deal for 1,200MW plant in Riyadh.
Saudi Arabia signs deal for 1,200MW plant in Riyadh.

Saudi Electricity Co has signed a SR5.4bn ($1.44bn) contract for an unnamed Saudi company to build 1,200 megawatts of power generation capacity at a plant in the Saudi capital, the state-controlled utility said on Sunday.
The PP10 combined cycle plant power plant in Riyadh currently has a generation capacity of 2,240 MW. The contractor will add 10 steam turbines which should be in operation in 46 months, SEC said in a statement without naming the company.
Saudi Arabian Bemco Contracting Co (Bemco) submitted the lowest bid of $1.43bn for the expansion project.
Saudi Electricity has an $80bn investment plan to increase its power generation capacity by 30,000 MW by 2018 to meet power demand which is growing at around eight percent each year.
 

Newsletter

Most Popular