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Mon October 25 2021

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$3.2bn power plant contract awarded

17 Oct 12 Hyundai Heavy Industries has won a US$3.2bn (£1.98bn) order to build Jeddah South Thermal Power Plant in Saudi Arabia.

It will carry out the construction of the 2,640MW oil-fired thermal power project on a turnkey basis including engineering, procurement, construction, commissioning, testing and transferring the plant to Saudi Electricity Company (SEC).

The plant, which is scheduled to be completed by 2017, will be able to produce enough electricity for about two million people or 5% of Saudi Arabia’s entire power generation capacity.

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