Saudi Energy Company has announced that it has signed a US $3.1bn power purchase agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 2 Independent Power Producer (IPP) expansion project in Saudi Arabia.
On completion, the project, located in Makkah province, will boast a large scale combined cycle gas turbine (CCGT) power plant with a generation capacity of 2,313.5MW, said the company in its filing to Saudi bourse Tadawul.
The plant will also be designed with readiness for a future carbon capture unit, it stated.
Saudi Energy Company holds an effective 40% stake in the project, while Acwa Power will be a strategic player.
The contract covers the development, financing, construction, ownership and operation of the gas-fired power plant, as well as the expansion of a 380kV electrical substation, it stated.
Saudi Energy inks US $3.1bn power purchase deal for Rabigh 2 Middle East Construction News.
Hence then, the article about saudi energy inks us 3 1bn power purchase deal for rabigh 2 was published today ( ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Saudi Energy inks US $3.1bn power purchase deal for Rabigh 2 )
Also on site :
- Trump says he is 'highly unlikely' to extend a ceasefire with Iran and 'lots of bombs start going off' if no deal is reached
- Trump's Labor Secretary RESIGNS amid ethics probe into husband's text messages to young female staffers
- Meeting discusses improving performance & services at Ministry of Social Affairs