$1bn order for Siemens in Saudi

Siemens (NYSESI) is to supply key components for the Quravyah combined cycled power plant (CCPP) in the Kingdom of Saudi Arabia, in a deal worth $1bn to the German multinational.

With an installed capacity of 4GW it will be one of the world's largest CCPPs, and will supply enough electrical energy to meet approximately one tenth of the country's current power demand for its 28 million inhabitants.

The plant, which will be commissioned in 2014, will be operated by Hajr as an Independent Power Producer (IPP) and Siemens Energy will also provide the long-term maintenance for the major equipment in the IPP Qurayyah power plant.

Saudi Arabia has the world's largest oil reserves but also the fourth-largest natural gas deposits.

In this decade it is anticipated that the population will increase from 28 to 40 million and to meet the estimated annual rise in power demand of eight per cent the installed power generation capacity will have to double within ten years.

The country's fast-growing power demand is being increasingly met with the aid of advanced, high-efficiency combined cycle power plants.

POWER-GEN Middle East conference and exhibition will be taking in Qatar on February 6-8 2012 and will include conference sessions on strategic issues facing the region’s power industry and the latest technology being employed. For more information please click here.

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