• 27+ GW

    of power

    power
  • 3 million M3 day

    of desalinated water

    water

Qurayyah IPP

Project

SHARE THISSHARE THIS

OVERVIEW

Qurayyah IPP, a greenfield project, is being developed on a BOO (build, own, operate) basis located on the eastern coast of Saudi Arabia with a net generation capacity of 3,927 MW. The design production capacity will make it, once completed, the largest IPP combined cycle gas-fired power plant in the world.

 

Qurayyah IPP was recognized as a land mark transaction and won numerous awards including the Middle East IPP Deal of the Year (2011) from Project Finance magazine, published by Euromoney and the Best Project Finance Deal in 2011, from Euromoney’s Islamic Finance and “Best Power Deal” from EMEA Finance Magazine in its annual Project Finance awards.

KEY FACTS

  • LOCATION
    Eastern Province, Saudi Arabia
  • OFFTAKER
    Saudi Electricity Company
  • FUEL
    Natural Gas
  • POWER
    3,927 MW
  • CONFIGURATION
    Combined cycle (Gas & Steam)
  • PROJECT COST
    USD 2,717 Mn
  • COMMERCIAL OPERATIONAL DATE
    Q1 2015
  • ACWA POWER SHARE
    18%
  • OFFTAKE CONTRACT
    PPA-BOO 20 years
  • O&M
    NOMAC (Nominated Subcontractor: Siemens LTSA)
  • OTHER INVESTORS
    SEC, Samsung C&T, MENA Infrastructure
  • EPC
    Samsung C&T