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Elsewedy Electric and Sinohydro have signed a joint $2.2 billion deal to expand a gas-fired power plant in Saudi Arabia, with commercial operations scheduled to begin in May 2029.
Awarded by project developer Al Mourjan Two for Electricity Company, the engineering, procurement, and construction agreement covers a 2.3-gigawatt (GW) expansion of the Rabigh 2 Independent Power Plant (IPP). The facility sits on Saudi Arabia’s western coast, near the Red Sea.
The expansion is expected to add approximately 2,313.5 MW to the original plant’s capacity of about 2,060 megawatts (MW), helping meet rising electricity demand from industries, businesses and households.
Under the agreement, Elsewedy Electric and Sinohydro will handle design, equipment procurement, construction, installation, commissioning and performance testing, as reported by Zawya. Their scope also includes civil works and connecting the facility to Saudi Arabia’s national electricity grid.
"Together with Sinohydro, we bring the full scope of this project, from engineering through to commissioning under one accountable team, and we are fully mobilized to take Rabigh 2 from contract to commercial operation, building on the strong partnership we have built with the developer and off-taker throughout this process", said Hesham Hegazy, Chief Executive Officer, Elsewedy Electric PSP.
The expansion will use six Siemens SGT6-5000F gas turbines and two Siemens SST-5000 steam turbines. Supporting equipment includes six heat recovery steam generators, along with mechanical, electrical and control systems.
"Rabigh 2 IPP Expansion is an important addition to Saudi Arabia’s power system, providing the reliable and flexible generation capacity needed to support the kingdom’s growing electricity demand", Dr. Samir J. Serhan, Chief Executive Officer, Acwa, stated.
"At Acwa, we are proud to bring our development and operational expertise to this project and, together with our partners, remain focused on delivering it safely, efficiently, and on schedule to support the Kingdom’s long-term energy and economic ambition", he added.
Elsewedy Electric began in Cairo in 1938 as a family business trading electrical equipment. Now led by Managing Director Ahmed Elsewedy, the company has expanded into cable manufacturing, power generation, transmission and engineering.
Its operations extend across multiple African markets, and it competes for major infrastructure contracts beyond its domestic market.
Once completed, the Rabigh 2 expansion is expected to strengthen Saudi Arabia’s electricity supply as demand grows across its industrial, commercial and residential sectors.
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