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The Saudi Power Procurement Company (SPPC) has announced the winning bidders for the Rumah -1, Rumah -2, Al-Nairyah -1, and Al-Nairyah -2 Conventional IPPs projects.
The projects are part of the energy mix plan, which is under the supervision of the Ministry of Energy to meet the future load demand of the electrical system, diversify energy production sources, and displace liquid fuels in order to achieve the optimal energy mix for electricity production in the Kingdom by 2030 with renewable energy and gas each contributing 50%.
The energy mix plan also aims to localize gas turbine manufacturing and allow for the utilization of carbon capture technologies readiness as part of the ministry’s endeavors to achieve the Saudi Vision 2030 goals. The projects come in alignment with the Saudi Green Initiative and its ambition to achieve greenhouse gases (GHGs) net-zero through the circular carbon economy approach by 2060 or earlier, depending on the availability of the necessary technologies.
Rumah 1 Power Plant:
The first consortium, which comprises Saudi Electricity Company (SEC), International Company for Water and Power Projects (ACWA Power), and Korea Electric Power Corporation (KEPCO), has been awarded the contracts for the Rumah 1 power plant, which has a capacity of 1.8 GW.
SEC is a managing and technical member, and ACWA Power and KEPCO are consortium members.
Rumah 2 Power Plant:
The second consortium, which comprises Abu Dhabi National Energy Company PJSC (TAQA), JERA, and Al-Bawani, secured the contracts for the Rumah 2 power plant, which has a capacity of 1.8 GW.
TAQA is a managing and technical member, JERA is a technical member, and Al-Bawani is a consortium member.
Nairyah 1 Power Plant:
The third consortium, which comprises Saudi Electricity Company (SEC), the International Company for Water and Power Projects (ACWA Power), and Korea Electric Power Corporation (KEPCO), has been awarded the contracts for the Nairyah 1 power plant, which has a capacity of 1.8 GW.
SEC is a managing and technical member, and ACWA Power and KEPCO are consortium members.
Nairyah 2 Power Plant:
The fourth consortium, which comprises Abu Dhabi National Energy Company PJSC (TAQA), JERA, and Al-Bawani, secured the contracts for the 1.8 GW Nairyah 2 power plant.
TAQA is a managing and technical member, JERA is a technical member, and Al-Bawani is a consortium member.
SPPC will enter into a 25-year power purchase agreement with each project company, on a build, own, and operate (BOO) basis, with investments of around SAR30 billion ($8 billion). The projects will adhere to the localization and local content requirements and contribute to Saudi Arabia’s economy.
The projects will contain the latest Class H/J Gas Turbines of the highest efficiency in Combined Cycle operation and will enable the utilization of carbon capture technologies. These projects will supply power to approximately three (3) million residential units annually.
SPPC is responsible for preparing preliminary studies, tendering and awarding independent power projects, and purchasing electrical energy from IPP’s projects in the Kingdom under the license issued by the Saudi Electricity Regulatory Authority.
SPPC issued the request for qualification during January 2024. During February 2024, announces that 21 Bidders Pre Qualified to Bid the project. (read more)
Earlier during November 2023, SPPC awards 7.2 GW Taiba 1-2 and Qassim 1-2 power plant Projects to Developer. (read more) |
