Tuesday 6 August 2013

Siemens wins $967m Saudi power plant order

Engineering giant Siemens has won an order worth $966.8 million (£629.5m) to supply key components for a power plant in the Kingdom of Saudi Arabia.

The combined cycle power station is designed to supply electricity to a refinery and the Jazan Industrial city area in the southwest of the country. The plant will have a total installed capacity of 4,000MW and will be fuelled with residues from the refinery.

Siemens will supply 10 gas turbines (pictured), of which six will be manufactured in Saudi Arabia, five steam turbines, 15 generators and 10 heat recovery steam generators to energy firm Saudi Aramco.

Nabil Aldabal, Aramco Overseas Company Managing Director said: "This new highly efficient combined cycle power plant is an important part of our major project in the new economic zone in Jazan and for this we must have efficient and reliable technology.”

With Saudi Arabia’s population expected to rise from around 28 million to 34 million within this decade, its installed power generation capacity will have to at least double within 10 years from 67GW in 2012 to around 140GW in 2020 to meet the predicted annual rise in energy demand, Siemens claims.

Earlier this year Siemens opened the UK’s first tidal power production plant in Bristol.