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SAUDI ARABIA : SEC d inks $1.44 billion contract to develop 1,200 megawatts unit
Publish Date : 18-Oct-2011
Saudi Electricity Co. (SEC) has signed a deal with a national company for developing a 1,200 megawatts of power generation capacity at an electricity unit in Riyadh. The contract is worth $1.44 billion.
According to SEC, presently, Riyad\'s the PP10 combined cycle plant power unit has a capacity of generating 2,240 MW. Further 10 steam turbines would be added by the contractor, which will starts operating within 46 months.
Saleh Al-Awaji, deputy minister of water and electricity and chairman of SEC\'s board of directors said, “The project aims at strengthening SEC\'s power generation capacity to meet the growing demand.” He further said, the new project will facilitate continuous electricity supply in the capital.
In order to raise its capacity of power generation by 30,000 MW by 2018, Saudi Electricity aims at an $80-billion investment plan to cater to the power requirement that yearly registers a grows of around 8 percent.
CEO of SEC, Ali Al-Barrak, stated that new plant\'s each turbine be able to generate 110 to 130MW. He said, “The 10 new turbines will not consume any additional fuel as they will operate by steam produced from the heat of existing turbines, thus enhancing the plant\'s fuel efficiency by 50 percent.”
