Contractors to start Rumah 1 and Nairiyah 1 work
29 January 2025
The engineering, procurement and construction (EPC) contractors for the Rumah 1 and Nairiyah 1 combined-cycle gas turbine (CCGT) projects in Saudi Arabia are preparing to start construction work.
The start of construction will follow the issuance of a limited notice to proceed by the developer team to the EPC contractors, comprising a team of China’s Sepco 3 and South Korea’s Doosan Enerbility.
The Rumah 1 and Nairiyah 1 independent power projects (IPPs) will each have a capacity of 1,800MW.
A consortium comprising Saudi Electricity Company (SEC), Riyadh-based utility developer Acwa Power and South Korea’s Korea Electric Power Corporation (Kepco) won the contract to develop the two CCGT IPPs.
The developer consortium signed the power-purchase agreements (PPAs) for the two projects with the principal buyer, Saudi Power Procurement Company (SPPC), in November last year.
According to a local media report, the SEC, Acwa Power and Kepco team offered a levelised electricity cost (LCOE) of $cents 4.5859 a kilowatt-hour (kWh) for Rumah 1, and $cents 4.6114/kWh for Nairiyah 1.
Acwa Power said in a statement that the two IPP facilities will require a combined investment of approximately SR15bn ($4bn).
The IPPs are expected to reach commercial operations in Q2 2008.
Tokyo-headquartered Mitsubishi Power will supply the gas turbines to power the two plants.
Rumah 1 is located in the Central Region in Riyadh and is part of the previously planned Riyadh Power Plant 15 (PP15). Nairiyah 1 is located in the Eastern Region.
SPPC received bids for the contracts for four thermal IPPs – the other two being the similarly configured Rumah 2 and Nairiyah 2 – in August last year.
SPPC previously indicated that the four power plants would operate using natural gas combined-cycle technology with a carbon-capture unit readiness provision.
The four power generation facilities will be developed using a build-own-operate (BOO) model over 25 years.
SPPC’s transaction advisory team for the Rumah 1 and 2 and Al-Nairiyah 1 and 2 IPP projects comprises US/India-based Synergy Consulting, Germany’s Fichtner and US-headquartered Baker McKenzie.
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Dubai seeks consultants for drainage projects6 February 2026
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Modon tenders Ras El-Hekma construction contracts6 February 2026
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Egypt contractor secures €58m loan for Hungary power plant6 February 2026
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AD Ports signs Jordan Aqaba port PPP deal6 February 2026
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Chinese firm wins Ceer automotive supplier park deal6 February 2026
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The request for qualifications (RFQs) was issued by the municipality’s Sewerage and Recycled Water Projects Department (SRPD).
The bid submission deadline is 26 February.
The first scheme under the package is TF-16-C1, which involves upgrading and rehabilitating the stormwater system east of the Dubai Canal.
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Modon tenders Ras El-Hekma construction contracts
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Abu Dhabi-based developer Modon Holding has tendered several contracts as part of the first phase of development at Ras El-Hekma, a planned new city on Egypt’s Mediterranean coast.
MEED understands that the tenders were issued in January.
These include:
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Modon has accelerated development works at Ras El-Hekma this year. In January, MEED reported that Modon Holding had awarded a E£15bn ($316m) contract for the construction of a project at Ras El-Hekma.
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In September 2024, Modon signed several memorandums of understanding (MoUs) with local and international firms to join the development. It signed a framework agreement with Orascom Construction to serve as the primary contractor for the project’s first phase.
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Chinese firm wins Ceer automotive supplier park deal
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Beijing-headquartered Metallurgical Construction Corporation (MCC) has won a contract to undertake the steel structure works on the Ceer automotive supplier park in King Abdullah Economic City (KAEC).
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