1200MW Saudi plant achieves key construction milestone
The plant, which has been developed by a consortium of Egyptian group Elsewedy Electric Power Systems and Siemens Energy, comes in line with SEC's objectives of developing and growing its generation fleet capabilities addressing SPPC 'the Principal Buyer' requirements.
Following this milestone, the Elsewedy-Siemens Energy consortium said this confirms the readiness of all major systems for Unit 41.
The gas turbine, generator, air intake, exhaust gas system (Bypass stack and diverter damper), and auxilliary systems - including closed cooling water, service water, compressed air, fuel gas receiving, and demineralised water - have been fully inspected, validated, and approved for operation.
Electrical systems have also been energised, enabling power distribution and activation of the Turning Gear, the consortium stated.
SEC said in a further development, the Unit 42 has just been back-energized and is now being prepared for First Fire next week, while Unit 43 is also on track for back-energization within days, moving the project steadily toward full simple cycle operation.
Once complete, the plant will supply electricity to approximately 500,000 residential units annually that contribute to Saudi Arabia's growing energy demand, it added.- TradeArabia News Service
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
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About Boursa Kuwait: The establishment of Boursa Kuwait in 2014 marked the first step in the privatization of the Kuwait Stock Exchange, which was originally founded in 1977 as the first stock exchange in the Gulf Cooperation Council (GCC) region. The Exchange was restructured in 1983 as an independent financial institution. The transitional phase began in 2016, during which Boursa Kuwait officially took over the operations of the Kuwait Stock Exchange under an official license granted the same year, following the successful completion of the transition. This process involved developing the Exchange's infrastructure and aligning its operations with international best practices and standards. A key objective was to establish an advanced, reliable trading platform built on principles of efficiency, credibility, and transparency—serving all asset classes while focusing on the interests of market participants and the broader national economy. Boursa Kuwait has undertaken a series of market reforms as part of its comprehensive strategy to enhance the market in multiple phases. The company successfully introduced innovative investment tools, increased transparency, and restructured the market to boost liquidity and enhance its competitiveness. These efforts are in line with Boursa Kuwait's mission-driven strategy to elevate the market in accordance with global standards. As a result of these developmental and improvement initiatives, Kuwait's capital market was reclassified as an "Emerging Market" by leading global index providers—further reinforcing Kuwait's status as a prominent regional financial hub. In a landmark step for privatization in Kuwait, Boursa Kuwait's privatization process was completed in two phases. The first phase took place in February 2019, when a consortium of Kuwaiti investment companies and an international operator won the privatization bid and acquired a 44% stake in the company. The second phase was completed in December 2019 through a public offering of the Capital Markets Authority's 50% stake in the company, which was allocated exclusively to Kuwaiti citizens. The offering was oversubscribed by more than 850%. Boursa Kuwait is self-listed on the "Premier Market" under the ticker symbol "Boursa". For more information, please contact: Ahmad Rashed Al-Owaish Public Relations and Media Manager – Boursa Kuwait Email: AAlowaish@