Orascom Construction signs $2.6-billion EPC contract to build 3-GW Qurayyah IPP Expansion Project with Técnicas Reunidas

Type: Development · Technology: Gas, Other, Transmission · Country: Saudi Arabia · Value: $2.6B · Announced: 2025-03-24

Orascom Construction and Técnicas Reunidas’ 50-50 joint venture was awarded a $2.6 billion engineering, procurement and construction contract by Hajr Two Electricity Co. to build the 3 GW combined-cycle Qurayyah IPP Expansion power plant in Saudi Arabia, including carbon capture technology and a 380 kV substation.

Counterparties

• Técnicas Reunidas, S.A (Developer)
• Orascom Construction PLC (Developer)
• Haji Abdullah Alireza & Co. Ltd (Partner)
• Hajr Two Electricity Co (Buyer)
• ACWA Power (Partner)

Source article

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