In $1.5B Deal with Siemens, Saudis Target Gas-Powered Plants

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Siemens Nouvelles

Saudi Arabia,Energy,Gas

Saudi Arabia has signed a $1.5-billion deal with Siemens Energy for two gas-fired power plants that will produce electricity for the Kingdom as soon as 2026

, with full operations to begin the following year, Gulf media reported on Monday. Siemens will supply the key components for the Taiba 2 and Qassim 2 power plants to be built in Saudi Arabia’s western and central regions, providing approximately 2,000 megawatts of electricity as the Kingdom seeks to change up its energy mix. China Energy International Group is Siemens’ contracting partner for the power plant project.The deal also includes a 25-year maintenance contract for Siemens.

Our Siemens Energy local service hub in Dammam will make an important contribution in expanding and localizing technology and competencies in the Kingdom,” Trade Arabia quoted Karim Amin, Member of the Managing Board of Siemens Energy, as saying on Monday. The Kingdom plans to spend $10 billion overall to expand its Master Gas System, laying new pipelines and upgrading operating systems in an attempt to make the shift from crude oil to natural gas.

 

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