# 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).

- Type: Contract
- Announced: 2023-11-13
- Where: Al-Madinah and Al-Qassim regions, Saudi Arabia
- Value: $3.90B
- Status: announced
- Capacity: 1800 MW each
- Products: combined-cycle gas turbine power plants
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [ACWA Power](https://endata.com/companies/5576.md)
- [Saudi Electricity Company](https://endata.com/companies/8447.md)
- [GE](https://endata.com/companies/1022.md) (supplier)
- [Saudi Power Procurement Company](https://endata.com/companies/30639.md) (customer)
- [Sepco 3](https://endata.com/companies/51637.md) (partner)

## Sources

- [meed.com](https://www.meed.com/team-signs-39bn-saudi-power-deals), 2023-11-14: "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."
- [asharqbusiness.com](https://asharqbusiness.com/power/39494/%D8%A3%D9%83%D9%88%D8%A7-%D8%A8%D8%A7%D9%88%D8%B1-%D9%88%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%84%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D9%86-%D8%B9%D9%82%D9%88%D8%AF%D8%A7%D9%8B-%D8%A8%D9%8039-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%85%D8%B9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%84%D8%B4%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9/), 2023-11-14: "تتعلق الاتفاقيات بشراء الطاقة لمدة 25 عاماً من مشروعي 'محطة طيبة 1' و'محطة القصيم 1'"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.