TheSaudi Power Procurement Company (SPPC)has unveiled the shortlisted bidders for the highly anticipated fourth round of solar projects within the National Renewable Energy Program (NREP). Under the auspices of
Linklaters advised Saudi Power Procurement Company (SPPC) on the procurement and financial close of four greenfield combined cycle gas-fired independent power projects (IPPs) in the Taiba and Qassim regions of the Kingdom of Saudi Arabia. The total of four projects, with a capacity of 1.8GW ea...
In the presence of His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al- Saud, Minister of Energy, the Saudi Power Procurement Company (SPPC) has signed Power Purchase Agreements (PPA) for three new solar photovoltaic projects. The agreements was signed with a consortium of ACWA P...
The Saudi Power Procurement Company (SPPC) is the sole offtaker on this project and has signed a 25-year power purchase agreement with ACWA Power for an investment value of $450 million, which includes the plant’s development, construction and operations, to provide power for the n...
The power generation projects will be developed using a build, own and operate (BOO) model over 25 years, with principal buyer Saudi Power Procurement Company (SPPC) as the sole offtaker. SPPC previously indicated that the four power plants will operate using natural gas combined-cycle technology...
The finalisation of the financing comes a few months after ACWA Power(PPAs) with the Saudi Power Procurement Company (SPPC) for the three projects. The levelised cost of energy (LCOE) for the Haden plant is USD 0.0158 per kWh while for Muwayh and Al Khushaybi, it stands at USD 0.01...
Saudi Arabian utility developer ACWA Power has signed a power purchase agreement (PPA) valued at $1.75 billion with Saudi Power Procurement Co. (SPPC) for the largest solar plant in the MENA region in which the Saudi wealth fund, Public Investment Fund (PIF), will be a partner. ...
The Saad 300MWp project (the "Project") is to be located in Central Province, approximately 80 kms fromRiyadh. Electricity generated from the Project will be acquired by Saudi Power Procurement Company (SPPC) through a 25-year power purchase agreement. The...
It will operate under a 25-year power purchase agreement (PPA) with Saudi Power Procurement Company (SPPC). A consortium of Mahindra Susten and Chint has been picked as the engineering, procurement and construction (EPC) contractor on the project. (SAR 1.0 = USD 0.267/EUR 0.234) (USD ...
The tender will grant full ownership to the winning developers, with each project company set to sign a 15-year energy storage service agreement with SPPC, which is the principal buyer of electricity in the Kingdom. The implementation of the energy storage projects will support Saudi Arabia's...