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73. Rabigh Power Plant Expansion

Project Overview

With the kingdom's

electricity consumption growing at 5.5 per cent a year, Saudi Electricity Company has embarked on a major expansion of its Rabigh facilities. Comprising several phases, this includes 960MW of generating capacity being added in phase five, a further 2.8GW in phase six, and 720MW in phase seven.

Saudi GDP growth and reserves

Databank: Saudi Arabia key economic indicatorsSubscription

While the kingdom’s projects market remains the largest in the region, government revenues will grow at a restrained rate

Saudi GDP growth and reserves

Databank: Saudi Arabia key economic indicatorsSubscription

While the kingdom’s projects market remains the largest in the region, government revenues will grow at a restrained rate

Electricity supply and power and water projects

Riyadh struggles to keep pace with demandSubscription

Amid rising residential and industrial requirements for power and water, the kingdom is taking steps to boost capacity and curb excessive consumption

Rabigh Power Plant Extension: Phase 6Subscription

Saudi Electricity Company is expanding its existing power plants to address growth in Saudi Arabia’s electricity consumption

GCC power sector construction contract awards

GCC power sector down 53 per cent in 2012Subscription

But signs that market is picking up with some recent large contract awards

An additional 220MW is to be installed at Jubail

Riyadh commits to new power capacitySubscription

Saudi Arabia is pushing ahead with the delivery of new power generating capacity despite facing the challenges of restructuring the industry and decommissioning ageing plant

Gulf Projects Index December 2005 15 September 2010

Market rise marks end of summer lull Subscription

Oman records biggest growth over the week as activity picks up across the Gulf after the summer slowdown

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The first signs of a construction revival in GulfSubscription

While the value of contracts awarded in the Gulf in the first half of the year is down from 2008, tenders on a series of state-backed projects are lifting the gloom.


Riyadh changes fuel allocation for Rabigh 2 power plantSubscription

Fuel allocation move part of broader plan to cease burning oil for power production

New lenders join bank group for Rabigh 2 power projectSubscription

Financial close of $2.5bn scheme expected before the end of the first quarter

Saudi credit growth hits highest level since financial crisisSubscription

Saudi loan to deposit ratio drops on sudden influx of cash in December

Acwa preferred bidder for Rabigh power plant Subscription

Abu Dhabi and Qatari consortium loses out despite being lowest bidder

Hyundai Heavy Industries wins $3.2bn Jeddah South contractSubscription

Japan’s Mitsubishi will supply equipment for 2,640MW oil-fired plant

Saudi Arabia extends bid deadline for Rabigh power plantSubscription

Contractors now have until 21 October to submit prices for independent power project

Saudi Arabia awards $7.6bn power and water contracts during RamadanSubscription

Value of new awards made during late August and early September exceed the total for 2009

Saudi Electricity gives $3.92bn power projects green lightSubscription

Saudi Electricity Co has approved the award of SR14.7bn ($3.92bn) worth of power projects to meet rising demand in the kingdom, Reuters has reported. The award includes expansion of the Rabigh power plant and other power transmission and generation projects, which will be financed through loans and its own resources. The plant, Rabigh 6 would have a capacity of 2,400 megawatt to 2,800 MW, about 12-14% of the 20,000 MW the SEC plans to add through 2018, at an estimated total cost of $80bn.

Bidders request more time on Rabigh 6 schemeSubscription

Contractors expect mid-January deadline for bids

Electricity pylon

Riyadh signs Rabigh power plant agreementsSubscription

A team of the local Acwa Power International and Korea Electric Power Corporation (Kepco) has signed a series of agreements with Saudi Electricity Company (SEC) to build the planned SR9.3bn ($2.5bn) Rabigh independent power project (IPP).

Key Facts

  • Client: Saudi Electricity Company

  • Sector: Power

  • Stage: Execution

  • Budget: $5.8bn

  • Completion date: Q2 2014

  • Location: Saudi Arabia

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