SEPCO3 announces the Project Commencement Ceremony for the Rumah 1 and Nairyah 1 combined cycle power plant projects.
Earlier, SEPCO3 along with Doosan Enerability, South Korea signs the contract with the developer consortium consisting of ACWA Power, Korea Electric Power Corporation (KEPCO) and Saudi Electricity Company (SEC). (read more)
The Rumah 1 power plant is located about 80 kilometers east of Riyadh, Saudi Arabia, with an installed capacity of 1,800 megawatts.
The Nairyah 1 power plant is located about 50 kilometers north of Al Nairyah, Eastern Province, Saudi Arabia, with an installed capacity of 1,800 megawatts.
The projects are part of the energy mix plan, which is under the supervision of the Ministry of Energy to meet the future load demand of the electrical system, diversify energy production sources, and displace liquid fuels in order to achieve the optimal energy mix for electricity production in the Kingdom by 2030 with renewable energy and gas each contributing 50%.
The energy mix plan also aims to localize gas turbine manufacturing and allow for the utilization of carbon capture technologies readiness as part of the ministry’s endeavors to achieve the Saudi Vision 2030 goals. The projects come in alignment with the Saudi Green Initiative and its ambition to achieve greenhouse gases (GHGs) net-zero through the circular carbon economy approach by 2060 or earlier, depending on the availability of the necessary technologies.
Last November, the consortium signed a Power Purchase Agreement (PPA) with SPPC.
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