SEC and Acwa Power win $3.9bn Saudi power plant contracts

A consortium of Saudi Electricity Company and Acwa Power signed 25-year power-purchase agreements with Saudi Power Procurement Company for the 1,800MW Qassim 1 and Taiba 1 CCGT power plants in Saudi Arabia on 13 November 2023. The projects are valued at SR14.6bn ($3.9bn).

“The team signed the 25-year power-purchase agreements with the principal buyer, Saudi Power Procurement Company (SPPC), for the 1,800MW Qassim 1 and Taiba 1 independent power producer (IPP) projects on 13 November.”meed.com

• 2 sources
• meed.comMEED | Consortium signs $3.9bn Saudi power dealsJames GavinNov 14, 2023
• asharqbusiness.comأكوا باور والسعودية للكهرباء توقعان عقوداً بـ3.9 مليار دولار | الشرق بلومبرغNov 14, 2023

Summarized from public sources; check the original articles before acting on it.