SEC plans 1700 MW oil power plant

Saudi Electricity Co. (SEC) is looking for companies to build and operate a 1700 MW independent power plant (IPP) running on fuel oil, the state-controlled utility has announced.

Expressions of interest in running the plant at Rabigh on the West coast of the world's largest oil exporting country should be submitted by March 21, SEC said in a statement.

The Rabigh IPP2 plant will use fuel oil and is the fourth of five planned IPPs that will add a total of around 11000 MW of power generation capacity. The other three are under construction and include the 1200 MW Rabigh IPP1.

SEC will buy electricity from the new company under a Power Purchase Agreement (PPA).

In September last year, SEC signed a deal with a consortium led by Saudi Acwa Power Projects and including South Korea's Samsung C&T to build the 4000 MW gas fired power plant, the third IPP project.

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