Doosan Enerbility wins Qassim 1 and Taiba 1 deal

12 March 2024
Sepco 3 awarded the $114m contract to the South Korean company

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China’s Sepco 3 has awarded South Korea’s Doosan Enerbility a contract to supply steam turbines and generators for the Qassim 1 and Taiba 1 independent power projects (IPPs) in Saudi Arabia.

Valued at an estimated $114m, the contract awarded to Doosan Enerbility entails the supply of two 650MW steam turbines and generators for the power plants. 

Sepco 3 will undertake the engineering, procurement and construction (EPC) contract for the 1,800MW Qassim 1 IPP and 1,800MW Taiba 1 IPP schemes, which are being developed by a team of Saudi Electricity Company (SEC) and Riyadh-headquartered utility developer Acwa Power.

US-based GE will supply the combined-cycle gas turbines (CCGT) for the two power plants. 

Saudi Arabia’s principal power buyer, Saudi Power Procurement Company (SPPC), announced the winning bidders that will develop and operate four new thermal IPP projects in the kingdom in October.

A team comprising the local Al Jomaih Energy & Water, France’s EDF and the local Buhur for Investment won the contract to develop the two other projects – the 1,800MW Taiba 2 IPP and 1,800MW Qassim 2 IPP schemes.

MEED understands the Al Jomaih-led consortium has partnered with Germany’s Siemens Energy for the supply of CCGT

The four CCGT plants are valued at a combined estimate of SR29.2bn ($7.8bn).

Each project will be developed on a build-own-operate (BOO) basis by the winning consortiums, which will be 100% owned by the successful bidders.

Each project company will enter a 25-year power purchase agreement (PPA) with SPPC.

According to SPPC, the project will use the latest turbines, allowing the Saudi utility company to utilise carbon capture technologies.

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