{"id":95603,"date":"2025-03-25T00:00:00","date_gmt":"2025-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/25\/orascom-construction-tecnicas-jv-ink-usd-2-6-bn-epc-contract-for-qurayyah-ipp-expansion\/"},"modified":"2025-03-25T00:00:00","modified_gmt":"2025-03-25T00:00:00","slug":"orascom-construction-tecnicas-jv-ink-usd-2-6-bn-epc-contract-for-qurayyah-ipp-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/25\/orascom-construction-tecnicas-jv-ink-usd-2-6-bn-epc-contract-for-qurayyah-ipp-expansion\/","title":{"rendered":"Orascom Construction, Tecnicas JV ink USD 2.6 bn EPC contract for Qurayyah IPP Expansion"},"content":{"rendered":"

<\/strong>Orascom<\/strong> C<\/strong>onstruction + Tecnicas to build Qurayyah\u2019s IPP expansion: <\/strong>A JV between Egypt\u2019s Orascom Construction and Spain\u2019s Tecnicas Reunidas<\/a> signed a USD 2.6 bn Engineering, Procurement, and Construction contract with Hajr Two Electricity Company \u2014 a consortium of renewables giant Acwa Power, Saudi Electricity Company (SEC), and Hajj Abdullah Alireza & Company (HAAISCO) \u2014 to build the Qurayyah IPP Expansion Project in the Eastern Province, according to a press release (pdf)<\/a>.<\/p>\n

The details: <\/strong>The project will see the development of a 3.01 GW combined-cycle gas turbine (CCGT) power plant ready for carbon capture and a 380 kV electrical substation. The JV has received a limited notice to proceed, allowing it to begin preliminary work on the project before the full notice is issued.<\/p>\n

ICYMI- <\/strong>SEC and Acwa Power signed a SAR 13.4 bn power purchase agreement<\/a> with the Saudi Power Procurement Company last month. SEC and Acwa Power each hold a 40% stake in the project, while HAAISCO owns the remaining 20%. The agreement will span 25 years from the plant\u2019s commercial operation date.<\/p>\n

BACKGROUND-<\/strong> The existing USD 668.3 mn Qurayyah IPP project<\/a> \u2014 touted as the world\u2019s largest CCGT power plant \u2014 has a net generation capacity of 3.9 GW. The project began commercial operations back in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project will see the development of a 3.01 GW CCGT<\/p>\n","protected":false},"author":1,"featured_media":95604,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2570],"tags":[448,2425,10,4133,1390,4134],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-acwa-power","tag-energy","tag-enterpriseam-ksa","tag-orascom-construction","tag-saudi-electricity-company-sec","tag-tecnicas","wpautop","entry"],"acf":{"mongo_id":"9afc41a8-ec04-4588-aca4-bcbafc8f2ab1","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/2000.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Orascom Construction, Tecnicas JV ink USD 2.6 bn EPC contract for Qurayyah IPP Expansion","related_issue":[95598],"teaser":"The project will see the development of a 3.01 GW CCGT","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.6fc416d9-13f4-474f-b822-791bacb101a5.mp3"},"yoast_head":"\nOrascom Construction, Tecnicas JV ink USD 2.6 bn EPC contract for Qurayyah IPP Expansion - 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