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Siemens Energy secures $1.6 billion power plant project in Saudi Arabia

Published by Global Banking & Finance Review

Posted on March 12, 2025

1 min read

· Last updated: January 24, 2026

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Siemens Energy secures $1.6 billion power plant project in Saudi Arabia
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BERLIN (Reuters) - Siemens Energy has been awarded a $1.6-billion project to provide technology for two gas-fired power plants in Saudi Arabia, the German company said on Wednesday. The project will

Siemens Energy Lands $1.6 Billion Saudi Power Plant Deal

BERLIN (Reuters) - Siemens Energy has been awarded a $1.6-billion project to provide technology for two gas-fired power plants in Saudi Arabia, the German company said on Wednesday.

The project will allow Rumah 2 and Nairyah 2 in the country's western and central regions to add 3.6 gigawatts of power to the national grid, Siemens Energy said in a statement.

The project, with Harbin Electric International as a contractor, includes long-term maintenance agreements to support the plants' operational reliability over the next 25 years, it added.

(Reporting by Rachel More, editing by Thomas Seythal)

Key Takeaways

  • Siemens Energy awarded a $1.6 billion project in Saudi Arabia.
  • The project involves two gas-fired power plants.
  • It will add 3.6 gigawatts to Saudi Arabia's national grid.
  • Harbin Electric International is a contractor for the project.
  • Includes long-term maintenance agreements for 25 years.

Frequently Asked Questions

What is the main topic?
The main topic is Siemens Energy securing a $1.6 billion project for gas-fired power plants in Saudi Arabia.
Who are the contractors involved?
Harbin Electric International is a contractor involved in the project.
What is the significance of the project?
The project will add 3.6 gigawatts of power to Saudi Arabia's national grid, enhancing energy capacity.

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