Contract Details
Awarding Entity: Joint Venture between the Branch of ELSEWEDY ELECTRIC POWER SYSTEMS PROJECTS and the Branch of SINOHYDRO CORPORATION LIMITED, both registered under the laws of Kingdom of Saudi Arabia.
Contractor: Power Mech Arabia Contracting Company, a subsidiary of Power Mech Projects Limited incorporated in Kingdom of Saudi Arabia.
Scope of Work: Installation of Three (3) Heat Recovery Steam Generators, One (1) Steam Turbine for Block 10 and the Balance of Plant Combined Cycle Piping for Block 20 and Common for the project Rabigh 2 IPP Expansion Project.
Optional Scope: Installation of Balance of Plant Combined Cycle Piping for Block 10.
Nature of Contract: Erection work.
Contract Value:
- Main work: USD 40,982,353 (equivalent to approximately INR 386.87 Crores, excluding taxes)
- Optional work: USD 11,136,756 (equivalent to approximately INR 105.13 Crores, excluding taxes)
- Total aggregate value: USD 52,119,109 (equivalent to approximately INR 492 Crores, excluding taxes)
*Conversion rate used: 1 USD = INR 94.4 as per Reserve Bank of India's official website closing rate on November 5, 2026.
Execution Timeline: 20 months effective from January 1, 2027.
Geographic Scope: International contract awarded by international entity.