Saudi Consortium comprises Ajlan & Bros Group, Buhur and EDF
Aljomaih Energy & Water Company, a leading Saudi investor, developer and operator of utilities and infrastructure projects, along with its consortium members Ajlan & Bros Group, Buhur for Investment Company and the EDF Group, have announced the achievement of the Financial Close of the Taiba-2 and Qassim-2 Combined Cycle Gas Turbine (CCGT) power projects, with a total capacity of 3.96 GW in the Kingdom of Saudi Arabia.
The projects will be equipped with the latest HL-class gas turbines from the German company Siemens, in combination with steam turbines and generators, which will generate approximately 2,000MW of electricity per project.
The Taiba-2 and Qassim-2 projects are part of the electricity sector projects in the Kingdom, overseen by the Ministry of Energy, in the sector’s journey towards achieving the goals of the optimal energy mix for electricity production (50% renewable energy and 50% energy produced from highly efficient gas-fired plants).
Strategic projects
“The successful achievement of Financial Close on these strategic projects is a testament to Aljomaih Energy & Water’s capabilities as a leading developer, for such vital projects,” stated Ibrahim Al Jomaih, Chairman of the Board of Directors, Aljomaih Energy and Water Company.
“The Taiba-2 and Qassim-2 projects signify Ajlan & Bros Group’s unwavering commitment to the region’s business landscape and our dedication to advancing the utility sector,” noted Ajlan Al-Ajlan, Chairman of the Board of Directors, Ajlan & Bros Group.
“As a Saudi company, we are grateful to be part of these mega projects, proudly achieving this remarkable milestone within the first year of Buhur operation,” commented Alghwairi, Chairman, Buhur Investment Company.
“Together with our partners, we are proud to be at the forefront of pioneering projects driving a global energy transition and supporting the Kingdom’s ambitious climate goals,” commented Beatrice Buffon, EDF Group Vice President in charge of the International Division and EDF Renewables Chairwoman and CEO.
