Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Rabigh project sets powerful benchmarks  Join our daily free Newsletter

MENAFN - Arab News - 01/10/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The Rabigh 2—660MW oil-fired power plant project, is located in Rabigh city on the western coast of Saudi Arabia.

The owner is Rabigh Electricity Company (RABEC). The user is Saudi Electricity Company (SEC) and the EPC contractor is SEPCOIII.

The Rabigh Project was the first IPP power plant to be awarded in an 'open tender' by SEC. The EPC contract was signed on July 9, 2009. It was worth around 1.72 billion.

The Rabigh Project created many firsts in the economic and trade relationship between Saudi Arabia and China. The capacity of each unit is the largest in Middle East market.

The contract value is also the largest among projects undertaken by Chinese contractors independently.

The entry of a Chinese power EPC contractor to the Saudi market for the first time, marked the end of domination of European, US, Japan and South Korea enterprises.

It provided a chance for Chinese power plant equipment to enter the Saudi industry. The Rabigh Project is the first large capacity power plant jointly operated by China and Saudi Arabia, which has received close attention from senior government officials from the two countries.

This project is on the "421 special project" list made by China's commerce ministry, and is strongly supported by its commerce ministry, and embassies and consulates in Saudi Arabia. The goal of the Rabigh Project is to build model unit, striving for national best quality gold medal.

The project fully implemented the strategy of localization and internationalization. It strictly implemented the European and American standards, making the craftwork and the intrinsic quality reaching advanced international standards.

The success of Rabigh Project, was highly appreciated by the owners and SEC and won widespread praise in the Saudi electricity market.

The project was reputed as a model project by Chinese embassies and consulates in Saudi Arabia and Project Manager Liu Fangjiang was selected as the best Chinese manager in the Saudi market.

The Rabigh power plant was put into commercial operation on April 10, 2013 after successful completion of a 30- day reliability test and a 24-hour net output test.

It was the last milestone and its successful achievement marked the completion of construction, commissioning and operation of the project.

At this point, the Rabigh power plant has successfully completed the requirements of all the test items in the contract and has done excellent performance.

The first power station project to be built by Chinese companies in Saudi Arabia has fully equipped factory transfer conditions and has become an important hub of Saudi grid.

 






  MENA News Headlines
 Sep 1 2014 - Power oil & gas sectors account for 60 of SR84.9bn contractsArab News
(MENAFN - Arab News) Saudi Arabia recorded a significant upswing in the value of awarded contracts during the second quarter of 2014 as it reached SR84.9 billion. It marked a strong rebound from the ...

 Sep 1 2014 - TADAWUL: Insurance Energy sectors surge over 2Arab News
(MENAFN - Arab News) Saudi Arabia's benchmark the Tadawul All-Share Index (TASI) closed at 11112.12 and ended its Sunday's trading up over seventy points or 0.63 percent. Its year-to-date return ...

 Sep 1 2014 - Basketball: US Spain move to 2-0 Senegal picks up historic winArab News
(MENAFN - Arab News) SEVILLE Spain: United States and Spain both collected their second straight win at the 2014 FIBA Basketball World Cup on Sunday while Croatia fought off tough Argentina and ...

 Sep 1 2014 - Gilas Pilipinas under pressure after 2nd defeat by GreeceArab News
(MENAFN - Arab News) SEVILLE Spain: Gilas Pilipinas ran into a solid Greek wall on Sunday night and was driven on cliff's edge in the Fiba World Cup.Greece used its huge advantage in size and heft to ...

 Sep 1 2014 - Saudi - Labor law violation: 18773 companies face actionArab News
(MENAFN - Arab News) The Labor Ministry has slapped fines worth more than SR10 million on companies after its inspectors found 62762 labor rule violations during raids carried out over the past nine ...

 Sep 1 2014 - Salman-Hollande talks to focus on Mideast turmoilArab News
(MENAFN - Arab News) Turmoil across the Middle East which has led to the death and displacement of millions of innocent people will top the agenda of talks between Crown Prince Salman deputy premier ...

 Sep 1 2014 - Pakistani Army vows to protect democracyArab News
(MENAFN - Arab News) ISLAMABAD: The much-vaunted Pakistan Army declared on Sunday that it was committed to protecting democracy in the wake of anti-government protests.According to media reports ...

 Sep 1 2014 - Breakthrough in GCC-Qatar rowArab News
(MENAFN - Arab News) Saudi Arabia and other GCC states have reached a breakthrough toward ending their dispute with Qatar having agreed on principles to overcome differences leaders of thesix-member ...

 Sep 1 2014 - Cyberspace turning into battlefieldArab News
(MENAFN - Arab News) The US has launched a social media offensive against the Islamic State (IS) and Al-Qaeda setting out to win the war of ideas by ridiculing the militants with a mixture of blunt ...

 Sep 1 2014 - Japan France share spoils in team eventArab News
(MENAFN - Arab News) CHELYABINSK Russia: Japan and France took home the gold medals in the team competition on the final day of the judo World Championships in Chelyabinsk on Sunday.Japan recovered ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help