Siemens Energy has signed a $1.5 billion deal to supply key components for two gas-fired power plants in Saudi Arabia and to maintain the sites for 25 years.
The Taiba 2 and Qassim 2 plants will produce four gigawatts of electricity combined and will be built in the western and central regions of Saudi Arabia, respectively, over the next few years, the company said in a statement on Monday.
China Energy International Group is Siemens Energy’s engineering, procurement and construction and contracting partner on the projects.
“The new gas-fired power plants will provide reliable energy supply and contribute to the sustainable and future-orientated development of the country,” said Karim Amin, a member of the managing board of Siemens Energy.
Saudi Arabia, the world's biggest crude exporter and the Arab world's biggest economy, has set ambitious targets to tackle climate change and cut carbon emissions to overhaul its economy and reduce its reliance on oil. The kingdom has set a target of achieving net-zero carbon emissions by 2060.
Saudi Arabia plans to spend $10 billion to expand its Master Gas System (MGS), which includes upgrading compression systems and laying new pipelines. The move is expected to increase the network's capacity significantly.
This expansion will make more natural gas available, enabling power plants in the kingdom to switch from crude oil.
The MGS was constructed during the 1970s and became operational in 1982. Since then, Saudi Aramco has utilised the network to distribute natural gas throughout Saudi Arabia, primarily transporting associated gas from fields including Ghawar.
The Taiba 2 and Qassim 2 plants are expected to save up to 60 per cent of carbon dioxide emissions compared with oil-fuelled power plants, Siemens Energy said on Monday.
The plants will initially be connected to the grid in simple cycle mode in 2026 and will be permanently operated as a combined cycle power plant a year later, the company added.
In 2021, Aramco signed a long-term service agreement with Siemens Energy to obtain a range of turbines and generators for four major oilfields.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
Global state-owned investor ranking by size
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Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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Last six stroke-play events (First round score in brackets)
Arnold Palmer Invitational Tied for 4th (74)
The US Masters Tied for 7th (72)
The Players Championship Tied for 35th (73)
US Open Missed the cut (78)
Travellers Championship Tied for 17th (67)
Irish Open Missed the cut (72)
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ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
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A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
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Real Madrid 1
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