{"id":102023,"date":"2025-03-25T00:00:00","date_gmt":"2025-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia\/"},"modified":"2025-03-25T00:00:00","modified_gmt":"2025-03-25T00:00:00","slug":"orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia\/","title":{"rendered":"Orascom JV to build USD 2.6 bn power plant expansion in Saudi Arabia"},"content":{"rendered":"

Orascom Construction + Tecnicas to build 3 GW IPP expansion<\/strong> in Saudi: <\/strong>The 50\/50 JV between Nasdaq Dubai-listed global engineering firm Orscom Construction and Spain-based general contractor Tecnicas Reunidas<\/a> inked a contract for the USD 2.6 bn, 3 GW expansion of the the Qurayyah IPP combined cycle power plant in Saudi Arabia\u2019s Eastern Province, according to a press release (pdf)<\/a>. The engineering, procurement, and construction (EPC) contract was awarded by Hajr Two Electricity Company \u2014 a consortium of Saudi renewables giant Acwa Power, Saudi Electricity Company (SEC), and Haji Abdullah Alireza & Co (HAAISCO).<\/p>\n

More on the facility: <\/strong>The 3 GW combined-cycle gas-fired power plant will be equipped with carbon capture technology and a 380 kV electrical substation.<\/span><\/p>\n

Who else is involved? <\/strong>Saudi Electricity Company (SEC) and Acwa Power signed a 25-year 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 Hajj Abdullah Alireza & Company (Haaisco) owns the remaining 20%. <\/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

Orascom\u2019s not new to the sector: <\/strong>Orascom has invested heavily in the regional power sector, including in two 4.8 GW CCGTs in Egypt, the press release added. <\/p>\n","protected":false},"excerpt":{"rendered":"

The USD 668.3 mn Qurayyah IPP project is touted as the world\u2019s largest CCGT power plant<\/p>\n","protected":false},"author":1,"featured_media":102024,"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":[1604],"tags":[59,324,143,7,118],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-carbon-capture","tag-construction","tag-energy","tag-enterpriseam-uae","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"6f14dac2-bcf6-450f-a059-0a368b466ca3","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1860.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Orascom JV to build USD 2.6 bn power plant expansion in Saudi Arabia","related_issue":[102011],"teaser":"The USD 668.3 mn Qurayyah IPP project is touted as the world\u2019s largest CCGT power plant","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.614da98d-c65d-40bc-a5ba-81259dc3e955.mp3"},"yoast_head":"\nOrascom JV to build USD 2.6 bn power plant expansion in Saudi Arabia - 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