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Saudi Power Procurement Company (SPPC) has announced the winning consortiums for the Rumah I and II and Al Nairyah I and II power projects, collectively set to deliver 7,200 MW of power. The projects, aimed at meeting the kingdom’s growing energy demand, have been awarded to consortiums led by global utility giants – Acwa Power and Abu Dhabi energy group Taqa.
SPPC, a key government entity responsible for independent power projects (IPP), revealed that the projects are part of Saudi Arabia’s broader energy mix plan, supervised by the Ministry of Energy. This plan is designed to ensure that renewable energy and gas contribute equally to the kingdom’s electricity production by 2030, replacing liquid fuels and supporting Saudi Vision 2030’s sustainability goals.
The winning consortium for the Rumah I and Nairyah I plants, each with a 1.8 GW capacity, includes Saudi Electricity Company (SEC), Acwa Power, and Korea Electric Power Corporation (Kepco). Meanwhile, the Rumah II and Nairyah II plants were awarded to a consortium comprising Abu Dhabi National Energy Company (Taqa), Japanese power company Jera, and Saudi contractor Al Bawani.
These power plants will integrate the latest Class H/J Gas Turbines and advanced carbon capture technologies, further supporting Saudi Arabia’s ambitions to achieve net-zero greenhouse gas emissions by 2060, as part of the Saudi Green Initiative. The projects will also contribute to localizing gas turbine manufacturing in the kingdom.
With a total investment of approximately SAR 30 billion ($8 billion), the projects will be developed on a build, own, and operate (BOO) basis, with a 25-year power purchase agreement in place. Once completed, the plants are expected to supply electricity to around three million residential units annually. |
