$1.5 B order for Siemens Energy in Saudi Arabia
Siemens Energy is supplying key power plant technologies that will provide almost 4 GW to the Saudi Arabia.
Image for illustration purposes.
Germany, Berlin: Siemens Energy is supplying key power plant technologies that will provide almost 4 GW to the Saudi Arabia. It has also entered a long-term maintenance contract for 25 years for the two power plants, with a total value of USD 1.5 billion. Taiba 2 and Qassim 2, two of the world’s largest, modern, and efficient combined-cycle power plants, will be built in the western and central regions of the country over the next few years. The company’s gas turbines (HL-class), in combination with steam turbines and generators, will generate around 2000 MW of electricity at each site. EPC and contracting partner for Siemens Energy is China Energy International Group.
Karim Amin, Member of the Executive Board of Siemens Energy and responsible for the Business Area of Gas Services: “Saudi Arabia is driving forward its vision 2030 to transform the Kingdom into a pioneering economic location. The new gas-fired power plants will provide reliable energy supply and contribute to the sustainable and future-oriented development of the country. Our Siemens Energy local service hub in Dammam will make an important contribution in expanding and localizing technology and competencies in the Kingdom.”
The plants will provide additional energy for the country’s growing population and replace parts of its existing aging power plant fleet, some of which rely on oil as an energy source. The new plants will save up to 60% of CO2 compared to oil-fueled power plants. They will be compatible with the country’s energy strategy which calls for the construction of CO2 capture and storage facilities in the medium term to enable a carbon-neutral supply. They will first be connected to the grid in simple cycle mode in 2026 and will be permanently operated as a combined cycle power plant one year later.
Source: Siemens Energy