Saudi Electricity Company announces signing of Power Purchase Agreements with Saudi Power Procurement Company for 2 large scale CCGT power plants with a combined production capacity of 3,356 MW
| Element List | Explanation |
|---|---|
| Introduction | Saudi Electricity Company (SEC) announces signing of Power Purchase Agreements (ECAs) for 2 large scale CCGT power plants with a combined production capacity of 3,356 MW, namely the power plants are:
1- PP13 with production capacity of 1,678 MW. 2- PP14 with production capacity of 1,678 MW. Both power plants are wholly owned by SEC and located in Riyadh city in the Kingdom of Saudi Arabia |
| Date of Announcement of the Award | 2025-10-23 Corresponding to 1447-05-01 |
| Contract Subject Matter | Power Purchase Agreements |
| The Entity with Which the Contract was Signed | Saudi Power Procurement Company – Principal Buyer |
| Date of Signing the Contract | 2025-10-23 Corresponding to 1447-05-01 |
| Contract Value | SAR 12.83 billion |
| Contract Details | Ownership and operation of PP13 & PP14 CCGT Power Plants |
| Contract Duration | 21 years |
| Financial Impact and the Relevant Period | The financial impact is expected over the lifetime of both agreements starting from 2025. |
| Related Parties | Not Applicable |
| Additional Information | Not Applicable |
Comments