Saudi Arabia to expand Qurayyah IPP by 3.01 GW

• 7 months ago (2025-02-24)
• David Flin

Gas 442 Middle East 353

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Saudi Arabia has announced that it will invest $3.57 billion to expand the Qurayyah CCGT IPP in the Eastern Province by 3.01 GW.

The Saudi Procurement Company has signed a PPA with the Saudi Electricity Company and ACWA Power for this project. The expansion plan includes readiness to incorporate carbon capture units.

The National Bank of Kuwait has signed a $690 million framework agreement with ACWA Power to support its expansion plans.