Acwa and SPPC Sign Agreement for Rabigh 2 Expansion Project
Acwa and the Saudi Power Procurement Company (SPPC) have signed a power purchase agreement (PPA) for the expansion of the Rabigh 2 Independent Power Plant in Saudi Arabia. The project, valued at SR11.5bn ($3bn), involves a 2.31GW gas-fired combined cycle power plant and aligns with Saudi Vision 2030. Acwa will hold a 40% equity share in the project.
Topics: carbon capture energy infrastructure Makkah Region power purchase agreement Saudi Vision 2030