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    Home > Finance > Siemens Energy secures $1.6 billion power plant project in Saudi Arabia
    Finance

    Siemens Energy secures $1.6 billion power plant project in Saudi Arabia

    Published by Global Banking & Finance Review®

    Posted on March 12, 2025

    1 min read

    Last updated: January 24, 2026

    Siemens Energy secures $1.6 billion power plant project in Saudi Arabia - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Siemens Energy secures a $1.6 billion contract for two gas-fired power plants in Saudi Arabia, boosting the national grid by 3.6 gigawatts.

    Siemens Energy Lands $1.6 Billion Saudi Power Plant Deal

    BERLIN (Reuters) - Siemens Energy has been awarded a $1.6-billion project to provide technology for two gas-fired power plants in Saudi Arabia, the German company said on Wednesday.

    The project will allow Rumah 2 and Nairyah 2 in the country's western and central regions to add 3.6 gigawatts of power to the national grid, Siemens Energy said in a statement.

    The project, with Harbin Electric International as a contractor, includes long-term maintenance agreements to support the plants' operational reliability over the next 25 years, it added.

    (Reporting by Rachel More, editing by Thomas Seythal)

    Key Takeaways

    • •Siemens Energy awarded a $1.6 billion project in Saudi Arabia.
    • •The project involves two gas-fired power plants.
    • •It will add 3.6 gigawatts to Saudi Arabia's national grid.
    • •Harbin Electric International is a contractor for the project.
    • •Includes long-term maintenance agreements for 25 years.

    Frequently Asked Questions about Siemens Energy secures $1.6 billion power plant project in Saudi Arabia

    1What is the main topic?

    The main topic is Siemens Energy securing a $1.6 billion project for gas-fired power plants in Saudi Arabia.

    2Who are the contractors involved?

    Harbin Electric International is a contractor involved in the project.

    3What is the significance of the project?

    The project will add 3.6 gigawatts of power to Saudi Arabia's national grid, enhancing energy capacity.

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