Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading industrial plant EPC contractor, won a USD 3.3B order from Saudi Electricity Company (SEC) for building the Shuqaiq Steam Power Plant (SSPP) in Saudi Arabia.
HHI, as the sole EPC contractor, will carry out the construction of the 2,640MW oil-fired steam power project on a turnkey basis including engineering, procurement, construction, testing and commissioning. The Ulsan, South Korea-based EPC contractor will complete the project on the Red Sea coast, approximately 580km to the south of Jeddah and 135km north of Jazan, by 2017.
Hyundai Heavy also adopts the supercritical pressure power plant technology that the company used in the USD 3.2B Jeddah South Thermal Power Plant (JSTPP) project it was awarded from SEC in October 2012. The supercritical pressure technology is used to generate electric power by operating at such a high steam pressure that it uses less fuel and emits less pollutant than other types of steam generators. Upon completion, the steam power plant will be able to produce enough electricity for about 2M people.
The signing ceremony was attended by Saleh H. Al-Awaji, the Chairman of Board, SEC, Ali Bin Saleh Al-Barrak, president & CEO of SEC and Lee Jai-seong, president and CEO of HHI, in Riyadh, Saudi Arabia.
HHI has successfully completed and is currently executing about 16,000MW power and desalination plants worth USD 12.7B in the Middle East.
