Saudi Arabia Signs Agreements for 7,200 MW IPP Projects
14 November 2023
The Saudi Power Procurement Company (SPPC) has signed the Power Purchase agreements for the projects of Taiba 1-2 and Qassim 1-2 power plants and approves the expansion of Rabigh power plant.
The total capacity of these projects is 8,400 MW.
Taiba 1 and Qassim 1 IPP Project:
The agreement is signed with the consortium of ACWA Power and Saudi Electricity Company (SEC). The Projects capacity is 3,600 MW.
Taiba 2 and Qassim 2 IPP Project:
The agreement is signed with the consortium of Al-Jomiah Energy and Water, EDF, Buhur for investment. The Projects capacity is 3,600 MW.
Expansion of Rabigh power plant:
Rabigh Power Plant Expansion Project by additing units using combined cycle technology. The Project capacity is 1200MW.
The Projects will contribute to supplying power to around 3.5 million residential units annually.
These Projects are an extension of the energy ecosystem’s efforts towards realizing vision 2030’s objectives to achieve optimal energy mix, as a part of the National Renewable Energy Program, supervised by the Ministry of Energy.
Related
-
Saudi Arabia prepares to tender 2GW battery storage project
3 April 2026
-
Alstom welcomes Martin Sion as Chief Executive Officer, succeeding Henri Poupart-Lafarge
3 April 2026
-
Iberdrola awards $4bn contracts for EGL4 subsea interconnector
2 April 2026
-
AD Ports earmarks $667m for port infrastructure in 2026
2 April 2026
-
Contractors submit Al-Maktoum airport superstructure bids
2 April 2026
-
Abu Dhabi receives four bids for Al-Nouf IPP
31 March 2026


京公网安备
11010802030424号
京ICP备19046776号-2