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.
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 down 53 per cent in 2012Subscription
But signs that market is picking up with some recent large contract awards
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
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
Supplement: The MEED Projects Top 100 Subscription
With a combined value of almost $1.3 trillion, the GCC’s 100 biggest projects are reshaping the region’s economy for future generations
The GCC’s 100 biggest projects account for more than half the total value of all projects under way in the region. They are changing the face of the Middle East and laying foundations for sustainable growth.
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.
Fuel allocation move part of broader plan to cease burning oil for power production
Financial close of $2.5bn scheme expected before the end of the first quarter
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
Japan’s Mitsubishi will supply equipment for 2,640MW oil-fired plant
Contractors now have until 21 October to submit prices for independent power project
Value of new awards made during late August and early September exceed the total for 2009
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
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).