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Saudi Arabia Awards $2.6-Billion Natural Gas Power Plant Deal

Summary by Oil Price

Saudi Arabia has awarded a $2.6-billion contract to a Spanish-Egyptian joint venture to build a large-scale 3 gigawatts (GW) combined cycle gas-fired power plant in the Eastern Province of the Kingdom, the Egyptian contractor said on Monday. Egypt-based and NASDAQ-listed Orascom Construction announced that its 50-50 joint venture with Spanish energy infrastructure firm Técnicas Reunidas signed an Engineering, Procurement and Construction (EPC) c…

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Saudi Arabia Awards $2.6-Billion Natural Gas Power Plant Deal

5 days ago·London, United Kingdom

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Zawya

Egypt: Orascom Construction reports $7.6bln backlog in 2024

New awards for the year amounted to $3 billion on a consolidated basis, with pro forma new awards, including BESIX, reaching $6.6 billion

3 days ago

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Global Defense Corp

Teledyne FLIR Defense Awarded Contract to Produce Mobile Surveillance System for Saudi Arabia

Teledyne FLIR Defense has secured a $7.8 million contract to deliver its mobile surveillance systems to a key military entity in Saudi Arabia, according to a company press release issued Monday. Th…

4 days ago

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power-technology.com

Orascom,Técnicas Reunidas to build Saudi gas-fired power plant

Orascom Construction and Técnicas Reunidas have signed a $2.6bn EPC contract for the 3GW Qurayyah IPP expansion project in Saudi Arabia.

4 days ago

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meobserver.org

Tecnicas Reunidas and Orascom’s $2.6 Billion Saudi Venture – The Middle East Observer

Spain’s Tecnicas Reunidas and Egypt’s Orascom Construction have secured a $2.6 billion contract to enhance a 3-gigawatt combined cycle gas-fired power plant. This joint venture, evenly split between the two companies, underscores a strategic move to bolster the Kingdom’s energy infrastructure while integrating carbon capture technology. The ambitious project, announced by Orascom, involves the construction […]

5 days ago

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Billionaires.Africa

Orascom Construction, backed by Egypt’s richest family, advances in $2.6 billion Saudi deal

Key PointsOrascom Construction, in a joint venture with Técnicas Reunidas, will expand Saudi Arabia’s Qurayyah IPP, adding 3 GW of gas-fired power capacity.The Qurayyah expansion includes a 380-kV substation and future carbon capture readiness, reinforcing Saudi Arabia’s shift toward cleaner energy solutions.Orascom’s latest deal strengthens its presence in Saudi Arabia, reinforcing its strategic push for geographic diversification in power and …

5 days ago

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