Siemens Energy has signed a $1.5 billion deal to supply key components for the Taiba 2 and Qassim 2 gas-fired power plants in Saudi Arabia, along with a 25-year maintenance agreement. These plants, set to produce a combined four gigawatts of electricity, will be built in the western and central regions of the Kingdom over the next few years, the company announced.
China Energy International Group will partner with Siemens Energy for engineering, procurement, and construction. Karim Amin, a board member of Siemens Energy, stated that the new plants will provide reliable energy and support Saudi Arabia’s sustainable development goals.
As part of its ambitious climate targets, Saudi Arabia aims to achieve net-zero carbon emissions by 2060. The Taiba 2 and Qassim 2 plants are expected to cut carbon dioxide emissions by up to 60% compared to oil-fueled power plants. Initially, they will operate in simple cycle mode in 2026, transitioning to combined cycle mode in 2027.