Saudi opens bidding process for third round of gas-fired power projects

Saudi Power Procurement Company (SPPC), the principal buyer of electricity in the Kingdom, has announced that it has kicked off the qualification process for the 3rd round of gas-fired independent power producer (IPP) projects across the country.

The qualification follows the successful implementation of SPPC’s earlier conventional IPP procurement rounds. Round 1 comprised the Taiba 1, Taiba 2, Qassim 1, and Qassim 2 independent power projects, while Round 2 included the Rumah 1, Rumah 2, Nairyah 1, and Nairyah 2 independent power projects.

Each project has a planned generation capacity of 1,800MW, significantly contributing to the Kingdom’s expanding power generation portfolio and supporting growing electricity demand.