ELSEWEDY Electric PSP has announced that its joint venture with Sinohydro, a leading global contractor, has secured the engineering, procurement, and construction (EPC) services contract from Saudi utility giant Acwa Power for the Rabigh 2 Independent Power Plant (IPP) Expansion Project located in the kingdom’s Western Province.
One of the region’s most significant gas-fired combined-cycle developments with a total value of $2.2 billion, the plant is designed in an SGT6-5000F 2× (3×3×1) configuration and will comprise six Siemens SGT6-5000F gas turbines and two Siemens SST-5000 steam turbines, supported by a bypass stack and diverter damper for simple-cycle operation, six heat recovery steam generators, a cooling tower, and the full complement of mechanical and electrical and instrumentation and control balance of plant systems.
Elsewedy Electric said this formally launches full-scale execution of the 2.3 GW facility under the joint venture’s responsibility.
With commercial operation targeted for May 2029, Rabigh 2 IPP Expansion Project will add a substantial source of reliable capacity to the national grid, supporting industrial, commercial, and residential demand growth across the kingdom.
As the EPC contractor, the joint venture is responsible for the full design, engineering, procurement, erection, construction, commissioning, and performance testing of the plant, together with 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 (SPV) set up by Saudi utility major Acwa Power and Saudi Energy to develop the Rabigh 2 Project.
Acwa Power has recently announced that it had achieved the financial close for the SAR9.69 billion ($2.5 billion) Rabigh 2 independent power plant expansion project.
The plant will also be designed to accommodate the construction of a carbon capture unit, the company said.
Acwa Power holds a 40 per cent stake in the project, which is being financed by a consortium of local, regional and international lenders including Alinma, Saudi National Bank, Abu Dhabi Commercial Bank, Boubyan, HSBC, National Bank of Greece and Sumitomo Mitsui Trust Bank (London branch).