The Saudi Power Procurement Company (SPPC) has awarded power project contracts to two consortiums for 7.2 GW of CCGT power projects, to be developed across Saudi Arabia.
A consortium comprising the Saudi Electricity Company (SEC), ACWA Power and Korea Electric Power Corporation (KEPCO) has been awarded the contracts for the Rumah I and Nairyah I gas-fired power plants, each with a 1.8 GW capacity. A consortium made up of the UAE’s Taqa, Japan’s JERA and the Saudi contractor Al Bawani has secured contracts for the Rumah II and Nairyah II CCGT power plants (also 1.8 GW each). These projects will contain the latest Class H/J gas turbines and will allow for the utilisation of carbon capture technologies. Once completed, the four power plants are expected to be able to supply power to about three million Saudi households. SPPC will enter into a 25-year power purchase agreement (PPA) with each selected bidder on a build, own, and operate (BOO) basis, with investments totalling around SAR30bn (US$8bn).
Saudi Arabia aims to reduce the use of liquid fuels for power generation, to reach a power mix shared between renewables (50%) and gas (50%) by 2030.
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