Coal, Gas

Siemens to Build Saudi’s First Private Power Plant

Aug. 15, 2003 – German industrial conglomerate Siemens said on Thursday it had won a $145 million contract to build two gas turbines for Saudi Arabia’s first private power plant.

The plant is to be built at Al Jubail on the Gulf coast. It will be owned by Jubail Energy Company and produce electricity for the Saudi Petrochemical Company, a joint venture between Saudi Arabia’s industrial giant Saudi Basic Industries Corp and Pecten Arabian Company, an affiliate of Shell Oil Co.

Siemens, which won an order to construct another gas turbine power plant in Kuwait in May, said in a statement it was strengthening its position in the Gulf region.