QURRAYAH IPP EXPANSION

OVERVIEW

Qurrayah Expansion Independent Power Project with a capacity of 3,010 MW is a Combined Cycle Gas Turbine IPP that is developed by ACWA Power in the Eastern region of Saudi Arabia.

ACWA Power and the Saudi Power Procurement Company (SPPC) have signed a 25-year Power Purchase Agreement (PPA) for the Development, Financing, Build, Own and Operate of a 3,010 MW Combined Cycle Gas Turbine plant.

 

Saudi Power Procurement Company acting as the sole off-taker for this project. In addition to ACWA Power, the shareholders include the Saudi Electricity Company (SEC), which holds a 40% share, and Haji Abdullah Alireza & Co. LTD (HAACO), which holds a 20% share.

 

KEY FACTS

  • LOCATION
    Eastern province, Saudi Arabia
  • OFFTAKER
    Saudi Power Procurement Company (SPPC)
  • CAPACITY
    3,010 MW
  • TECHNOLOGY
    Combined Cycle Gas Turbine (CCGT)
  • ACWA POWER SHARE
    40%
  • OFFTAKE CONTRACT
    25-year PPA
  • PROJECT COMPANY
    Hajar Two Electricity Company
  • O&M
    NOMAC & Saudi Electricity Company (SEC)
  • OTHER INVESTORS
    Saudi Electricity Company & Haji Abdullah Alireza & Co. LTD
  • EPC
    TECNICAS REUNIDAS S.A. & ORASCOM CONSTRUCTION TRADING
  • FUEL
    Natural Gas
  • COMMERCIAL OPERATIONAL DATE
    Q2 2028