Saudi Electricity Company (SEC) has awarded a SR12.23bn ($3.3bn) engineering, procurement and construction (EPC) contract to Korea’s Hyundai Heavy Industries for a 2.64GW oil-fired power plant at Shuqaiq. In a 4 August statement to the Saudi Stock Exchange, SEC said work on the project would begin immediately, with commissioning scheduled to begin in November 2016 and commercial operation to start in January 2017.
Hyundai said the Shuqaiq plant will incorporate the supercritical pressure technology being used in the 2.65GW Jiddah South power plant, which SEC awarded to Hyundai and Japan’s Mitsubishi Heavy Industries. Jiddah South, due for completion in 2015, will be the first power plant in Saudi Arabia to incorporate supercritical boilers, enabling operating efficiency of 40%. It will normally run on heavy fuel oil (HFO), with the option to burn heavy crude. (CONTINUED - 279 WORDS)