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Two firms share $2.6bn Saudi power plant expansion work
24 March 2025
Orascom Construction and T茅cnicas Reunidas have won a contract to build a large-scale 3GW combined cycle gas-fired power plant in Saudi Arabia.
The national flag of Saudi Arabia against a clear sky (Image: Hamdi Bendali via AdobeStock - stock.adobe.com)
The Qurayyah IPP power plant expansion project, in the Kingdom鈥檚 eastern province, will also be equipped to be ready for carbon capture and include a 380kV electrical substation.
Orascom Construction and T茅cnicas Reunidas signed the EPC contract worth US$2.6 billion with Hajr Two Electricity Company, a consortium comprised of ACWA Power, Saudi Electricity Company, and Haji Abdullah Alireza & Co.
Osama Bishai, CEO of Orascom Construction, said, 鈥淲e continue to deliver on our geographic diversification strategy with a particular focus on key sectors such as power and water. 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.
鈥淚t 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 T茅cnicas Reunidas on this large-scale project and to extend our partnership in Saudi Arabia and the region.鈥�
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