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Siemens Energy Secures $1.5 Billion Order in Saudi Arabia for Combined Cycle Power Plants

24 Jun 2024
Saudi Arabia is progressing towards its net zero emissions goal by 2060, focusing on advanced, efficient gas-fired power plants integrated with CO2 capture and storage. Siemens Energy has secured a $1.5 billion contract to supply key technologies for two of the world's largest combined cycle power plants, Taiba 2 and Qassim 2, which will collectively provide nearly 4 gigawatts of power.

 

Efficient Energy for a Growing Nation

The new power plants, located in the western and central regions of Saudi Arabia, will feature Siemens Energy's HL-class gas turbines, steam turbines, and generators. Each site will generate approximately 2,000 megawatts of electricity. The project is in partnership with China Energy International Group, the EPC contractor.

Karim Amin, Member of the Managing Board of Siemens Energy, stated, "Saudi Arabia's Vision 2030 aims to transform the Kingdom into a leading economic hub. Our new gas-fired power plants will ensure a reliable energy supply, supporting the sustainable and forward-looking development of the country. Our local service hub in Dammam will play a crucial role in localizing technology and expertise."

 

Supporting Saudi Arabia's Energy Transition

The plants will address the growing energy needs of Saudi Arabia's expanding population and economy, replacing older oil-based power plants and reducing CO2 emissions by up to 60%. They will also align with the Kingdom's strategy to build CO2 capture and storage facilities, facilitating a carbon-neutral energy supply in the future.

Taiba 2 and Qassim 2 are set to connect to the grid in simple cycle mode by 2026, transitioning to combined cycle operation the following year. Siemens Energy has also signed a 25-year maintenance contract for both plants, ensuring long-term operational efficiency and reliability.

Source: siemens-energy.com

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