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 readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 12, 2025
1 min readLast updated: January 24, 2026
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.
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)
The main topic is Siemens Energy securing a $1.6 billion project for gas-fired power plants in Saudi Arabia.
Harbin Electric International is a contractor involved in the project.
The project will add 3.6 gigawatts of power to Saudi Arabia's national grid, enhancing energy capacity.
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