Abu Dhabi state utilities firm Taqa announced on 3 September that financial close has been reached for two 1.8GW gas-fired CCGT plants in Saudi Arabia; Rumah 2 and Al Nairyah 2. Taqa is developing the plants alongside Japan’s Jera and Saudi Arabia’s Al Bawani.
The consortium has secured $4bn of financing for the plants, after signing 25-year power purchase agreements (PPA) with the Saudi Power Purchase Company (SPPC) late last year (MEES, 6 December 2024). This week’s announcement follows $4bn financial close being reached in late August by an Acwa-led consortium for the twin Rumah 1 and Al Nairyah 1 plants. (CONTINUED - 227 WORDS)
