Dammam, Kingdom of Saudi Arabia – MHPS Saudi Arabia, Co., a subsidiary of Mitsubishi Hitachi Power Systems, Ltd. (MHPS), today announced the launch of the MHPS National Program for Saudi Arabia, heralding a pivotal moment for both the energy and manufacturing sectors in Saudi Arabia.
While MHPS has been a long-term partner in the energy sector in KSA, the National Program, already a year in development, will see MHPS move forward with the creation of manufacturing facilities to build the world’s most efficient and reliable gas turbines here in the Kingdom.
Developed to be in close alignment with Vision 2030 and Saudi Aramco’s In Kingdom Total Value Add (IKTVA) program objectives, the MHPS program will drive domestic value through the creation of high skilled jobs, greater energy efficiency and diversification, and greater global competitiveness in the manufacturing sector.
The MHPS National Program for KSA consists of localizing manufacturing of Gas Turbines and Services in the kingdom built and serviced by Saudi hands and expertise whilst MHPS will train and build capabilities of the young Saudis in the area of manufacturing, repair and services. It also includes utilization of material resources from local manufacturing and suppliers wherever possible.
The announcement of the National Program for Saudi Arabia is the first official act of Ken Kawai, MHPS’s new President and CEO who has been an ardent supporter of the Kingdom and has spent considerable time there helping drive MHPS initiatives and investments. “With this new announcement, we are proud to be bringing our cutting edge technology to the kingdom,” said Kawai. “We pioneer breakthrough technologies—from advanced gas turbines to A.I. systems that automate power plants—to meet the increasing demand for cleaner, more efficient and more reliable electricity,”
Enhancing our presence in the region and now further embedding MHPS within the Kingdom, the new MHPS facility, the third one in Dammam will open by 2021. “This state of the art production facility will create Saudi jobs and establish a significant shift in the make-up of cleaner more efficient energy production in KSA,” said Khalid Salem, President of Mitsubishi Hitachi Power Systems in Middle East and North Africa.
MHPS Advanced Class Gas Turbines are world’s leading, with a best-in-class efficiency rating approaching 65% and best-in-class reliability rating of 99.5%. Providing electricity producers with lower operating costs – and minimal maintenance and repair downtime – this technology’s flexibility to ramp quickly has the power to transform the very make-up of the electricity grid. The result of precision engineering where each component part is of the highest quality, it also represents the epitome of manufacturing skill.
Developing the mastery needed to produce this technology within the Saudi population is the cornerstone of the MHPS program. The sustainability of local talent as well as energy are for MHPS, both integral to driving a change in power for the better, wherever they operate in the world.
With up to 10% annual electricity growth in the Kingdom, and a historic dependence on oil for electricity generation, Vision 2030 outlines a commitment to diversify power generation in KSA and pursue natural gas generation.
MHPS is already providing job opportunities – and related training programs – for Saudi nationals. In 2017, in order to be closer and more supportive of their Saudi customers, MHPS established a state-of-the-art rotor repair facility in Dammam.
Commenting on this milestone, Shuhei Momma, CEO of MHPS Saudi Arabia, Co. said: “From today’s announcement, it is clear MHPS has a long-term commitment to driving change in power within the Kingdom, for the KSA of today, and of tomorrow.”
About Mitsubishi Hitachi Power Systems, Ltd.
Mitsubishi Hitachi Power Systems, Ltd. (MHPS), headquartered in Yokohama, Japan, is a joint venture formed in February 2014 by Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd. integrating their operations in thermal power generation systems and other related businesses. MHPS today ranks among the world’s leading suppliers of equipment and services to the power generation market, backed by 100 billion yen in capital and approximately 20,000 employees worldwide. The Company’s products include GTCC (gas turbine combined-cycle) and IGCC (integrated coal gasification combined-cycle) power plants, gas/coal/oil-fired (steam) power plants, boilers, generators, gas and steam turbines, geothermal power plants, AQCS (air quality control systems), power plant peripheral equipment and solid-oxide fuel cells (SOFC). For more information, please visit the Company's website at https://www.mhps.com
© Press Release 2019Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
