Siemens Energy has secured a $1.6bn project to supply essential technologies for the Rumah 2 and Nairyah 2 gas-powered power stations in Saudi Arabia. Situated in the western and central regions, the plants will contribute 3.

Siemens Energy has been awarded a $1.6-billion project to provide technology for two gas-fired power plants in Saudi Arabia, the German company said on Wednesday.

Siemens Energy (OTCPK:SMEGF) said Wednesday it was awarded a $1.6B project, with China's Harbin Electric International as the engineering, procurement and construction contractor, to provide key technologies for two gas-fired power plants in Saudi Arabia.

Siemens Energy, a global leader in energy technology, has been awarded a $1.6-billion project to provide technology for two Saudi gas-fired power plants - Rumah 2 and Nairyah 2 - located in in the country’s western and central regions. These plants will add 3.6 gigawatts of power to the national grid – enough to supply around 1.5 million homes.

Siemens Energy has been awarded a $1.6-billion project to provide technology for two gas-fired power plants in Saudi Arabia, the German company said on Wednesday. The project will allow Rumah 2 and Nairyah 2 in the country's western and central regions to add 3.