Saudi Arabia awards NEM Energy a contract for a 1.3-gigawatt power plant

NEM Energy will supply heat recovery steam generators for a 1.3-gigawatt power plant in Saudi Arabia, expected to enhance the national energy efficiency by 2028.

Partagez:

NEM Energy, a Netherlands-based company specializing in energy equipment, has been selected to supply critical components for the construction of a new combined-cycle power plant in Saudi Arabia. This project includes the installation of two heat recovery steam generators (HRSGs) and exhaust gas bypass systems designed to improve energy performance and maximize electricity production efficiency.

An ambitious project for Saudi Arabia

This power plant, with a capacity of 1.3 gigawatts (GW), aims to meet the growing demand for electricity while optimizing the use of fossil fuels. It is scheduled to be operational by the end of 2028, marking a significant step in modernizing Saudi Arabia’s electricity grid.

The project is led by Saudi Electricity Company (SEC), a major player in the country’s energy supply. This initiative is part of Saudi Arabia’s strategic efforts to develop a sustainable and reliable energy infrastructure.

Technology and international collaboration

The equipment supplied by NEM Energy is designed to capture residual heat from turbine exhaust gases, enabling highly efficient steam production. This approach strengthens the sustainability of the energy process by reducing thermal losses.

NEM Energy has signed an agreement with Tecnicas Reunidas, a Spanish engineering and construction company, which will play a key role in executing this complex project. This partnership highlights the international expertise mobilized to address the kingdom’s energy challenges.

A strategic lever for Vision 2030

This project aligns with the energy and economic ambitions outlined in Vision 2030, Saudi Arabia’s program for economic diversification. By investing in state-of-the-art infrastructure and collaborating with international partners, the country aims to reinforce its position as an energy leader while reducing its carbon footprint.

The 1.3 GW power plant is a concrete example of initiatives designed to enhance energy efficiency and ensure a stable supply for residential and industrial sectors.

The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
Enbridge Gas Ohio is assessing its legal options following the Ohio regulator's decision to cut its revenues, citing potential threats to investment and future customer costs.
The small-scale liquefied natural gas market is forecast to grow at an annual rate of 7.5%, reaching an estimated total value of $31.78bn by 2030, driven particularly by maritime and heavy-duty road transport sectors.
The European Union extends gas storage regulations by two years, requiring member states to maintain a minimum fill rate of 90% to ensure energy security and economic stability amid market uncertainties.
Energy Transfer strengthens its partnership with Chevron by increasing their liquefied natural gas supply agreement by 50% from the upcoming Lake Charles LNG export terminal, strategically aiming for long-term supply security.
Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.
Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.
Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.
Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.
TotalEnergies and QatarEnergy have won the Ahara exploration licence, marking a new stage in their partnership with SONATRACH on a vast area located between Berkine and Illizi.
After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.
The French group has acquired from PETRONAS stakes in several licences covering more than 100,000 km² off Malaysia and Indonesia, consolidating its Asian presence and its exposure to the liquefied natural gas market.