From Earlier: Siemens Receives Major Order for Combined Cycle Power Plant in Saudi Arabia; Value Over $1B
Siemens (NYSE: SI) will supply key components for the IPP Qurayyah combined cycle power plant in the Kingdom of Saudi Arabia. With an installed capacity of 4 gigawatts it will be one of the world's largest CCPPs, and will supply enough electrical energy to meet approximately one tenth of the country's current power demand for its 28 million inhabitants.
Commissioning of the total of six blocks is scheduled for 2014. The project consortium is led by the Saudi company ACWA Power with Samsung C&T and MENA fund as further members. Siemens received the order from Samsung C&T which also acts as EPC contractor. In addition a long-term service and maintenance agreement for the power plant was signed with Hajr Project Company. The order value for Siemens is over 1 billion U.S. dollars. The plant, which will be commissioned in 2014, will be operated by Hajr as an Independent Power Producer.
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