Rabigh 2 IPP

OVERVIEW

Rabigh 2 is a greenfield BOO (build, own, operate) project located in Rabigh, on the western coast of Saudi Arabia, 130 Km north of Jeddah adjacent to the Rabigh IPP. The Project, the fourth in SEC’s IPP program represents another significant milestone in the Saudi power sector given that this is the first IPP to utilize combined cycle power plant with a gross thermal efficiency of c.58.8 % at reference site conditions at Rabigh.

 

Samsung C&T will be the EPC contractor and NOMAC is the operator and maintenance contractor of the project. The project delivers gross 2,060 MW of electricity to SEC under the PPA which has a term of 20 years from the scheduled commercial operations date of June 2017.

KEY FACTS

  • LOCATION
    Rabigh, Western Saudi Arabia
  • OFFTAKER
    Saudi Electricity Company
  • FUEL
    Natural Gas
  • POWER
    2,060 MW
  • CONFIGURATION
    3 Power Blocks – Gas Turbines
  • PROJECT COST
    USD 1,561 Mn
  • COMMERCIAL OPERATIONAL DATE
    Q1 2018
  • ACWA POWER SHARE
    50%
  • OFFTAKE CONTRACT
    PPA-BOO 20 years
  • OPERATOR
    NOMAC
  • OTHER INVESTORS
    SCT (12.5%), SEC (50%)
  • EPC
    Samsung C&T Corporation
  • PROJECT COMPANY
    Al-Mourjan for Electricity Production Company ("MEPCO")