Orascom and Técnicas Reunidas picked to build $2.6bn Saudi power plant
25 March 2025
A 50-50 joint venture between Egyptian contractor Orascom and Técnicas Reunidas of Spain has been chosen to build a 3GW combined-cycle gas-fired power plant in Saudi Arabia’s Eastern Province.
The Qurayyah IPP Expansion Project also includes a 380kV substation and the installation of carbon-capture technology for future use, website Saudi Gulf Projects reports.
The $2.6bn contract was signed by the Hajr Two Electricity Company, a consortium of ACWA Power, the Saudi Electricity Company and Haji Abdullah Alireza.
Osama Bishai, Orascom’s chief executive, said: “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.”
Related
-
STRABAG awarded contract to renovate metro station in Prague
18 July 2025
-
SEPCO3 awarded EPC Contract for 700 MW Yanbu Wind Energy Project
17 July 2025
-
Chinese contractor wins $1.5bn Diriyah Arena deal
17 July 2025
-
INA, E.ON sign power purchase agreement in Croatia
16 July 2025
-
Webuild wins USD 600 million work for Diriyah Square project in Saudi Arabia
16 July 2025
-
Saudi Arabia signs deals for $8.3bn of renewables projects
16 July 2025