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 1,559 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")
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