Saudi Arabia Awards $2.6-Billion Natural Gas Power Plant Deal ...Middle East

Saudi Arabia has awarded a $2.6-billion contract to a Spanish-Egyptian joint venture to build a large-scale 3 gigawatts (GW) combined cycle gas-fired power plant in the Eastern Province of the Kingdom, the Egyptian contractor said on Monday. Egypt-based and NASDAQ-listed Orascom Construction announced that its 50-50 joint venture with Spanish energy infrastructure firm Técnicas Reunidas signed an Engineering, Procurement and Construction (EPC) contract to build the Qurayyah IPP Expansion Project. Orascom Construction and Técnicas…

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