{"id":107666,"date":"2026-04-20T00:00:00","date_gmt":"2026-04-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=107666"},"modified":"2026-04-20T03:52:07","modified_gmt":"2026-04-20T03:52:07","slug":"acwa-signs-sar-11-5-bn-power-purchase-agreement-for-rabigh-2-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/04\/20\/acwa-signs-sar-11-5-bn-power-purchase-agreement-for-rabigh-2-expansion\/","title":{"rendered":"Acwa signs SAR 11.5 bn power purchase agreement for Rabigh 2 expansion"},"content":{"rendered":"

Acwa inked a SAR 11.5 bn long-term power purchase <\/strong>agreement with the Principal Buyer for the Rabigh 2 IPP expansion<\/strong>, according to a disclosure<\/a>. The combined cycle gas turbine plant will add some 2.3 GW capacity to the system.<\/p>\n

What it covers:<\/strong> The contract includes the development, financing, construction, ownership, and operation, alongside a 380 kV substation extension to integrate the plant into the grid. Acwa holds 40%, while Saudi Energy \u2014 previously the Saudi Electricity Company \u2014 owns 40%.<\/p>\n

Rabigh 2 isn\u2019t a new development <\/strong>\u2014 it\u2019s an expansion of an existing independent power project that has been operating for years under Saudi Arabia\u2019s private power model. The original project dates back to 2013. In parallel, theRabigh 1 project remains active, where Saudi Energy signed<\/a> a 25-year energy conversion agreement with the Principal Buyer to purchase power from the 1.2 GW, SAR 5.33 bn expansion project earlier in January.<\/p>\n

Why it matters:<\/strong> Gas-fired combined-cycle plants can hit efficiency rates of up to 60%, compared to just 30% for crude-fired units \u2014 complementing the Kingdom\u2019s liquid fuel displacement program<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The combined cycle gas turbine plant will add some 2.3 GW capacity to the system<\/p>\n","protected":false},"author":1,"featured_media":107667,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2570],"tags":[4829,2425,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-acwa","tag-energy","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"96b7feaa-583a-4156-b71e-6c165f076827","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/4\/918.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa lands another big power purchase ticket","related_issue":[107659],"teaser":"The combined cycle gas turbine plant will add some 2.3 GW capacity to the system","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"\nAcwa signs SAR 11.5 bn power purchase agreement for Rabigh 2 expansion - 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