Saudi Arabia Expands Qurayyah Power Plant with $13.35 Billion Investment, Boosting Capacity by 3,010 MW

February 22, 2025
Saudi Arabia Expands Qurayyah Power Plant with $13.35 Billion Investment, Boosting Capacity by 3,010 MW
  • This expansion project represents a substantial investment, totaling approximately SAR13.35 billion.

  • The Saudi Power Procurement Company has finalized a Power Purchase Agreement for the expansion of the Qurayyah Independent Power Plant, which will significantly increase its capacity by 3,010 MW.

  • Overseen by the Ministry of Energy, the project includes provisions for future carbon capture technology, emphasizing a commitment to sustainability.

  • This expansion aligns with Saudi Vision 2030, focusing on enhancing electricity generation efficiency and reducing operational costs.

  • The consortium leading this ambitious project includes ACWA Power, the Saudi Electricity Company, and Haji Abdullah Alireza & Co. Ltd.

  • The initiative supports the optimization of the energy mix in Saudi Arabia, aiming to phase out liquid fuels in the power sector.

Summary based on 1 source


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