Saudi Electricity signs SAR 1.37B PPA for Samtah solar PV

28/10/2025 Argaam
Saudi Electricity Co. expects the financial impact of the Samtah solar PV to appear from Q1 2028.

Saudi Electricity Co. expects the financial impact of the Samtah solar PV to appear from Q1 2028.

Saudi Electricity Co. (SEC) signed on Oct. 27 a power purchase agreement (PPA) worth SAR 1.37 billion for the Samtah solar photovoltaic (PV) plant in southwest Saudi Arabia, with a generation capacity of 600 MW.

 

The PPA was signed between Saudi Power Procurement Co. (Principal Buyer) and the consortium members — SEC and EDF Power Solutions International — on behalf of the project company, the Saudi utility said in a Tadawul filing.

 

SEC noted that it holds a 50.01% stake in the project.

 

The contract covers the development, financing, construction, ownership, and operation of the Samtah PV plant. It is valid for 25 years starting from the plant’s commercial operation date.

 

The company expects the financial impact to appear after the project’s commercial operation date (PCOD), expected in Q1 2028.

 

There are no related parties to the contract, it added.

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