DAMMAM, Saudi Arabia - MHPS Saudi Arabia, Co., a subsidiary of Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has opened its new Turbine Rotor Repair Facility in Dammam, and announced plans to manufacture its most advanced gas turbines in the kingdom, as part of a phased investment strategy in the Kingdom.
MHPS also intends to use the new facility as a base for servicing of compressors and their turbines used in petroleum and chemical plants, etc. Specifically, starting in 2018 MHPS, in collaboration with Mitsubishi Heavy Industries Compressor Corporation (MCO), also a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), will handle maintenance and inspection of compressors and turbines delivered to Saudi Arabia by MCO.
This latest investment is a further step in the long term plans of MHPS for Saudi Arabia which has already achieved over 900 per cent growth in its staffing since first coming to the country 5 years ago.
As an advocate of Vision 2030, MHPS is currently exploring measures to support and nurture Saudi youth. MHPS views this as a crucial step and of value to Saudi Arabia's future ambitions by contributing to ensuring the future generation of engineers are provided the best opportunities in the Kingdom. MHPS is in discussions to team up with the finest engineering universities in the Kingdom to work together in creating the finest world class talent.
One of the central values of MHPS is the integration of technologies, human resources, and society, which create a powerful synergy for maintaining its leadership in the global market.
Further, in the near future, our board will be presented with several options for new investment opportunities in the kingdom, among them is the establishment of a new advanced manufacturing and technology center for the production of the most efficient and reliable GT in the world, the M501JAC.
MHPS's new JAC gas turbine has unprecedented statistics, 99.5% reliability while approaching 65% efficiency. In a combined cycle one-on-one configuration, it produces 600 megawatts of power in 60Hz while reducing carbon emissions by nearly 70%. When it becomes operational in the Kingdom, it will have the lowest cost of electricity.
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