SPX chairman, president and CEO Christopher J. Kearney.
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SPX Corporation’s Thermal Equipment and Services segment has been awarded a US$41 million contract to design, manufacture and supervise the construction and commissioning of two new air-cooled condenser dry cooling systems for the Riyadh PP11 power plant in Saudi Arabia.
The project marks SPX’s largest contract to date in Saudi Arabia.
The formal agreement was signed by SPX and Hyundai Heavy Industries Korea, which is spearheading the design, engineering, construction, installation, testing and commissioning for the project.
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Riyadh PP11 is being developed by GDF Suez-France and Haljomaih Holding Company-Saudi Arabia, which will also own and operate the combined cycle power plant, along with Saudi Electricity Company-Saudi Arabia and Sojitz Corporation-Japan.
Located 125 km from Riyadh in Riyadh Central Province, Riyadh PP11 is expected to produce 1 730 MW, and be Saudi Arabia’s largest combined cycle gas-fired power station.
“The Middle East continues to be an important developing region for SPX due to increasing demand for energy and continued power infrastructure expansion,” said SPX chairman, president and CEO Christopher J. Kearney.
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