Logo of Saudi Power Procurement Co. (SPPC)
The Saudi Power Procurement Co. (SPPC) announced launching four new combined cycle electrical power generation projects with readiness for carbon captured unit.
The projects have a total capacity 7,200 MW. It is broken up in four combined cycle power projects of 1,800MW capacity each: Taiba IPP 1 - 1,800 MW; Qassim IPP 1 - 1,800 MW; Taiba IPP 2 - 1,800 MW; Qassim IPP 2 - 1,800 MW.
The move aligns with Kingdom’s Saudi Green Initiative, and its stated greenhouse gases (GHGs) net-zero ambition by 2060 through deployment of technologies for circular carbon economy approach.
This is in addition to the energy sector’s objectives to ensuring security of supply, diversity of market participation, fair competition, and transparency, The projects will drive further local content and add value to the Kingdom by contributing to raising the local content percentage and industry localization.
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