Utility giant says contract will see 1,200MW expansion in Riyadh to meet rising demand
Saudi Electricity Co has signed a SR5.4bn ($1.44bn) contract for an unnamed Saudi company to build 1,200 megawatts (MW) of power generation capacity at a plant in the Saudi capital, the state-controlled utility said on Sunday.
The PP10 combined cycle plant power plant in Riyadh currently has a generation capacity of 2,240 MW. The contractor will add 10 steam turbines which should be in operation in 46 months, SEC said in a statement without naming the company.
Saudi Arabian Bemco Contracting Co (Bemco) submitted the lowest bid of $1.43bn for the expansion project.
Saudi Electricity has an $80bn investment plan to increase its power generation capacity by 30,000 MW by 2018 to meet power demand which is growing at around 8 percent each year.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.