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
-
LONGi to supply 300 MW module for Romanian PV projects
18 September 2025
-
Qatar tenders Smaisma infrastructure contract
18 September 2025
-
Strabag wins €298m contract to modernise Polish rail
18 September 2025
-
Saudi contractor awarded $121m housing construction contracts
17 September 2025
-
QatarEnergy signs 2GW Dukhan solar plant deal with Samsung
17 September 2025
-
EDP completes deal for 121 MW wind portfolio in France and Belgium
16 September 2025