logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Siemens Energy wins $1.6bn project to advance energy transition in Kingdom

Siemens Energy wins $1.6bn project to advance energy transition in Kingdom

NOHA.GAD
Mar 12, 2025
Siemens Energy wins a $1.6 billion project to provide key technologies for the Rumah 2 and Nairyah 2 gas-fired power plants in Saudi Arabia

Riyadh - Sharikat Mubasher: The German energy corporation Siemens Energy won a $1.6 billion project, with Harbin Electric International as the EPC contractor, to provide key technologies for the Rumah 2 and Nairyah 2 gas-fired power plants in Saudi Arabia.

The plants, located in the western and central regions, will add 3.6 GW of power to the national grid, the company revealed in a press release today.

The project includes long-term maintenance agreements to support the plants’ operational reliability over the next 25 years.

Core components for the power plants will be manufactured at the Siemens Energy Dammam Hub, which is currently expanding to increase local production capacity and support Saudi Arabia’s energy sector.

Siemens Energy will supply six SGT6-9000HL gas turbines, four SST6-5000 steam turbines, eight SGen6-3000W generators, two SGen6-2000P generators, and associated auxiliary equipment, with each site generating approximately 1.8 GW of electricity.

Ahmed ElSerry, Head of Gas Services Sales for the Middle East at Siemens, said: “Supplying key technologies for the Rumah 2 and Nairyah 2 power plants directly supports Saudi Arabia’s energy transition and its goal of achieving net zero emissions by 2060.”

He affirmed that the project will strengthen local production capabilities and build expertise within Saudi Arabia, contributing to a more resilient energy sector.

Rumah 2 and Nairyah 2 plants are designed to be compatible with advanced CO2 capture and storage technologies, supporting Saudi Arabia’s long-term emissions reduction goals. They will initially be integrated into the grid in simple cycle mode in 2027, transitioning to full operation as combined-cycle power plants by the following year.

Tags

Saudi Arabia
Energy transition
Power plants
Rumah 2
Nairyah 2
Share

Attract clients with your ad

Start Now

Trending

UAE names 6 startups for inaugural Mastercard Lighthouse cohort
MUBASHER
AIREV partners with Qualcomm to bring sovereign AI to enterprises
MUBASHER
Mobility financing platform Naran secured $10mn to fuel expansions
MUBASHER
Money20/20 Middle East 2026 gathers global fintech leaders in Riyadh next month
MUBASHER.SA
Rasmal Ventures invests in Yuno’s $45mn Series B round
MUBASHER

Related News

Investor News
Calendar Icon
Aug 13, 2026
Rasmal Ventures invests in Yuno’s $45mn Series B round
Read More
Investor News
Calendar Icon
Aug 11, 2026
The Hub launches in Saudi Arabia with support from AstroLabs
Read More
Investor News
Calendar Icon
Aug 6, 2026
Aramco Ventures leads $9.5mn investment in climate AI startup
Read More
Investor News
Calendar Icon
Jul 30, 2026
BotSense launches WhatsApp CRM services in Saudi Arabia
Read More
Investor News
Calendar Icon
Jul 28, 2026
Egypt’s Simplex to open $2mn new branches in Saudi Arabia this year
Read More
Investor News
Calendar Icon
Jul 28, 2026
Aramco Ventures increases investment in HydoTech's Series B+ round
Read More
Investor News
Calendar Icon
Jul 21, 2026
Moussa: EFG Hermes to invest over $150mn in Saudi education
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher