Two firms share $2.6bn Saudi power plant expansion work

The national flag of Saudi Arabia against a clear sky (Image: Hamdi Bendali via AdobeStock - stock.adobe.com)

The Qurayyah IPP power plant expansion project, in the Kingdom’s eastern province, will also be equipped to be ready for carbon capture and include a 380kV electrical substation.

Orascom Construction and Técnicas Reunidas signed the EPC contract worth US$2.6 billion with Hajr Two Electricity Company, a consortium comprised of ACWA Power, Saudi Electricity Company, and Haji Abdullah Alireza & Co.

Osama Bishai, CEO of Orascom Construction, said, “We continue to deliver on our geographic diversification strategy with a particular focus on key sectors such as power and water. This project exemplifies the type of opportunities that we actively pursue where we can leverage our expertise to deliver high-quality projects and maximum value.

“It also builds on our success in the power sector most recently in Egypt, and we look forward to making a similar significant impact in Saudi Arabia. We are also pleased to partner with Técnicas Reunidas on this large-scale project and to extend our partnership in Saudi Arabia and the region.”