Alstom building Saudi power
by Benjamin Millington on Saturday, 13 September 2008
Power generation group Alstom has signed a contract with Saudi Electricity Company to build stage three of the Shoaiba power plant, worth around US $2.7 billion (SAR 10.1 billion).
The 1200MW steam power plant will be built next to the existing plant, 100kms south of Jeddah on the Red Sea.
Upon completion of the project, Shoaiba will comprise 14 units of 400MW each, with a gross total output of 5600MW.
As leader of the consortium, Alstom will design, supply, install and commission the entire plant. Their consortium partner, Saudi Archirodon will carry out all civil and marine works.
Stages one and two of Shoaiba were also supplied by an Alstom-led consortium on a turnkey basis with stage two being completed six months ahead of schedule in December last year.
Alstom's CEO and chairman Patrick Kron said demand for electricity in Saudi Arabia had increased tremendously in the last two decades in line with the country's growing economy.
"With this contract, Saudi Electricity Company once again demonstrates its faith in Alstom's expertise as a reliable provider of integrated power solutions," he said.
"We are delighted to be involved in a project that will supply one third of the region's electricity and will be the largest oil-fired power plant in the Middle East."
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST CONSTRUCTION & INDUSTRY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST CONSTRUCTION & INDUSTRY
LATEST MIDDLE EAST BUSINESS NEWS
- Technology: DIFC publishes Electronic Transaction Law
- Sport: Kenyan-born athlete seeks to renounce Bahraini citizenship
- Travel & Hospitality: Etihad set to step up relief flights from Thailand
- Banking & Finance: DIFC Investments repays $500mn loan in full
- Energy: Major Asian oil consumers welcome cheaper oil
RELATED STORIES
Saudi Electricity Company
- Saudi Electricity posts 12% decline for Q3
26 Oct '08 | News - Saudi king set to launch $3.2bn power projects
13 Oct '08 | News - Generation game
13 Oct '08 | Features




