Egypt’s Elsewedy Electric, China’s Sinohydro sign $2.2bn Saudi power plant contract
A consortium of Egypt's Elsewedy Electric and China's Sinohydro has secured a $2.2 billion contract to expand Saudi Arabia’s Rabigh 2 independent power plant, adding 2.3 gigawatts of capacity with operations set to start in May 2029. The project, part of Saudi Arabia's initiative to enhance its power generation capabilities and transition to a more efficient energy mix, will involve various engineering, procurement, and construction tasks.
