{"id":99317,"date":"2025-08-03T00:00:00","date_gmt":"2025-08-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/08\/03\/acwa-power-led-consortium-secures-financing-for-two-ipp-projects\/"},"modified":"2025-08-03T00:00:00","modified_gmt":"2025-08-03T00:00:00","slug":"acwa-power-led-consortium-secures-financing-for-two-ipp-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/08\/03\/acwa-power-led-consortium-secures-financing-for-two-ipp-projects\/","title":{"rendered":"Acwa Power-led consortium secures financing for two IPP projects"},"content":{"rendered":"

<\/strong>Funding secured for tw<\/strong>o power plants:<\/strong> An Acwa Power<\/a> -led consortium, along with Saudi Electricity Company<\/a> (SEC) and Korea Electric Power Corporation<\/a> (Kepco), secured SAR 12.8 bn in senior debt financing for the establishment of Rumah-1 in<\/a>Riyadh and Al Nairyah-1 in the Eastern Province<\/a>, Trade Arabia<\/a> reported on Thursday.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Who\u2019s in?<\/strong> The financing came from Export Import Bank of Korea (Kexim), Saudi National Bank, Saudi Investment Bank, Banque Saudi Fransi, Standard Chartered Bank, Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and Arab Petroleum Investments Corporation.<\/p>\n

About the projects: <\/strong>The two large-scale combined cycle gas turbine power plants \u2014 costing a combined SAR 15 bn \u2014 will each boast a production capacity of 1.8 MW, making up for nearly 2.5% of the national grid\u2019s capacity.<\/p>\n

Who owns what?<\/strong> Saudi Power Procurement Company (SPPC) is the principal buyer for both projects, with Acwa Power and SEC each holding a 35% stake, while Kepco will obtain the remaining 30%. With a combined financing of SAR 6.4 bn each, Remal Energy Company will operate Rumah-1 plant, while Naseem Energy Company will take over Nairyah-1.<\/p>\n","protected":false},"excerpt":{"rendered":"

Acwa Power and Saudi Electricity Company (Sec) will each hold a 35% stake, while Kepco will obtain the remaining 30%<\/p>\n","protected":false},"author":1,"featured_media":99318,"comment_status":"","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":[448,2425,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-99317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-acwa-power","tag-energy","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"9bb1dd6b-a150-4349-b67e-f5c49d73a74b","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/971.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power-led consortium secures SAR 12.8 bn for 3.6 GW IPP projects","related_issue":[99305],"teaser":"Acwa Power and Saudi Electricity Company (Sec) will each hold a 35% stake, while Kepco will obtain the remaining 30%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.46d051ce-8d0f-4670-84d1-9581f913f817.mp3"},"yoast_head":"\nAcwa Power-led consortium secures financing for two IPP projects - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/08\/03\/acwa-power-led-consortium-secures-financing-for-two-ipp-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acwa Power-led consortium secures financing for two IPP projects\" \/>\n<meta property=\"og:description\" content=\"Acwa Power and Saudi Electricity Company (Sec) will each hold a 35% stake, while Kepco will obtain the remaining 30%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/08\/03\/acwa-power-led-consortium-secures-financing-for-two-ipp-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-03T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/971.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/08\/03\/acwa-power-led-consortium-secures-financing-for-two-ipp-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/08\/03\/acwa-power-led-consortium-secures-financing-for-two-ipp-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Acwa Power-led consortium secures financing for two IPP projects\",\"datePublished\":\"2025-08-03T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/08\/03\/acwa-power-led-consortium-secures-financing-for-two-ipp-projects\/\"},\"wordCount\":211,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/08\/03\/acwa-power-led-consortium-secures-financing-for-two-ipp-projects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/971.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ACWA power\",\"ENERGY\",\"EnterpriseAM KSA\"],\"articleSection\":[\"ENERGY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/08\/03\/acwa-power-led-consortium-secures-financing-for-two-ipp-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/08\/03\/acwa-power-led-consortium-secures-financing-for-two-ipp-projects\/\",\"name\":\"Acwa Power-led consortium secures financing for two IPP projects - 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