Saudi Power Procurement Company

Built World

Offtaker under the project's long-term power purchase agreement

Saudi Arabia closed financing on October 1 for the Rabigh 2 power expansion, a 2,313.5-megawatt gas-fired plant in the kingdom's western province. A $2.2 billion construction contract was signed on October 13 with an Egyptian-Chinese joint venture, and construction is already more than 39% complete.

Updated Oct 14