A $41 million contract has been awarded for the design, manufacture and installation of two air-cooled condenser dry cooling systems.

A $41 million contract to design, manufacture and supervise the construction and commissioning of two air-cooled condenser dry cooling systems for the Riyadh PP11 power plant in Saudi Arabia was awarded to SPX Corp., Charlotte, N.C., and its Thermal Equipment and Services business segment.

The formal agreement was signed by SPX and Hyundai Heavy Industries Korea, which is spearheading the Riyadh PP11 project. Riyadh PP11 is being developed by GDF Suez-France and Haljomaih Holding Co.-Saudi Arabia, which will own and operate the combined cycle power plant along with Saudi Electricity Co.-Saudi Arabia and Sojitz Corp.-Japan.

Located approximately 77 miles (125 km) from the city of Riyadh, PP11 is expected to produce 1,730 MW of electricity and be Saudi Arabia's largest combined cycle gas-fired power station. SPX Cooling Technologies' air-cooled condenser system utilizes the company's proprietary dry cooling technology and is designed for large power plants located in arid regions or those subject to restricted water usage.

SPX has agreed to provide engineering services on the Riyadh PP11 project immediately, and the first equipment deliveries are planned for the first quarter of 2011. Riyadh PP11 is scheduled to be operational in 2012.