Doosan Enerbility, South Korea announces the signing of a construction contract with the Saudi Electricity Co. (SEC) for the PP12 Combined Cycle Power Plant.
The contract value is over USD 610.7 million.
The Project will be located approximately 150 kilometers northwest of Riyadh, Saudi Arabia.
The power plant, when completed, will boast a capacity of 1,800 megawatts (MW), contributing to Saudi Arabia’s ambitious plans to expand its power generation capacity by 6 gigawatts (GW) annually over the next five years. This development aligns with the country’s Vision 2030 plan, which aims to diversify its economy and reduce its dependence on oil through significant investments in infrastructure and energy projects.
Doosan Enerbility’s involvement in the PP12 project is part of a consortium with SEPCO3, highlighting the company’s strategic partnerships and expertise in international power plant construction. The company will be responsible for the design, supply of key equipment, and comprehensive commissioning.
The PP12 project is particularly noteworthy due to its use of gas combined cycle technology, which employs both gas and steam turbines to generate electricity. This method is more efficient than traditional power plants, making it a preferred choice for regions with high energy demands.
