Acwa | Taiba 1 IPP

Taiba 1 IPP

Taiba 1 Independent Power Project with a capacity of 1,800 MW is a Combined Cycle Gas Turbine IPP that is developed by ACWA Power in Al-Madinah 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 1,800 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

Al-Madinah, Saudi Arabia
Offtaker

Saudi Power Procurement Company (SPPC)
Capacity

1,800 MW
Technology

Combined Cycle Gas Turbine (CCGT)
Acwa share

40%
Offtake contract

25-year PPA
Commercial operations date

Q2 2027
Fuel

Natural Gas
Other investors

Saudi Electricity Company & Haji Abdullah Alireza & Co. LTD
Project company

Sidra One for Electricity
Operations & maintenance company

Acwa Operations & Saudi Electricity Company (SEC)
Engineering, procurement & construction company

SEPCO |||

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