Saudi Arabia’s work to revamp and expand its thermal power fleet picked up again this week, with a power purchase agreement signed for 3GW of new gas-fired capacity. The latest award brings to 18.6GW the total of PPAs for new gas-fired capacity awarded since October 2023.
On 20 February, the Saudi Power Procurement Company (SPPC) announced that it has signed a PPA for the expansion of the Qurayyah Independent Power Plant (QIPP) through the addition of 3GW of CCGT capacity. The PPA was signed with a consortium of Acwa Power (40%), Saudi Electric Company (SEC: 40%) and local firm Haji Abdullah Alireza & Co (20%), with the expansion requiring SR13.4bn ($3.56bn) of investment. (CONTINUED - 774 WORDS)
