Saudi Electricity Company awards EPC contract to Siemens Energy and Elsewedy Electric PSP for Rabigh Reinforcement combined cycle power plant
Type: Development · Technology: Gas, Other · Country: Saudi Arabia · Value: $5.33B · Announced: 2026-08-03
Saudi Electricity Company (SEC) awarded an EPC contract valued at approximately SAR 5.33 billion (~$1.4 billion) to a consortium of Siemens Energy and Elsewedy Electric Power Systems Projects to deliver the 1,179 MW Rabigh Reinforcement Combined Cycle Power Plant under a 25-year Energy Conversion Agreement with the Saudi Power Procurement Company, with first unit synchronized in July 2025.
Counterparties
- Elsewedy Electric Power Systems Projects (Epc)
- Siemens Energy AG (Epc)
- Saudi Power Procurement Company (Offtaker)
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