The Saudi Power Procurement Company (SPPC) is a government-owned entity in Saudi Arabia responsible for procuring electricity from independent power producers (IPPs). SPPC plays a vital role in the Kingdom of Saudi Arabia's power sector by procuring electricity from private sector companies, ensuring a stable supply to meet the country's growing energy demands. SPPC operates independently to promote competition and transparency in the power market. It oversees the procurement process, including the request for proposals (RFP) and contract negotiations with IPPs. It conducts competitive bidding processes to select IPPs for various power projects. These projects contribute to the diversification of the Kingdom's energy sources and enhance the overall capacity of the national grid. SPPC negotiates power purchase agreements (PPAs) with selected IPPs, defining the terms of electricity supply, pricing, and other relevant conditions. These contracts are crucial for ensuring a stable and reliable power supply. It operates under the regulatory framework established by the Electricity and Cogeneration Regulatory Authority (ECRA) in Saudi Arabia. ECRA oversees the electricity market and ensures compliance with regulations.
The company has not participated in any projects.
Country | Project | Current stage | Value (USD MM) | Sectors | Updated | Details | |||||||||||||
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1.8 GW Rumah 2 and 1.8 GW Al Nairyah 2 IPP Power Plants in Saudi Arabia | Project signed | N/A | December 13, 2024 | ||||||||||||||||
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300 MW Rabigh 2 solar PV project in Riyad | Project awarded | N/A | December 06, 2024 | ||||||||||||||||
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1.17 GW Al Kahfah Solar PV Project in Saudi Arabia | Technology Provider Selected | N/A | February 22, 2024 | ||||||||||||||||
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1.1 GW Al Henakiyah Solar Project in Al Madinah | PPA signed | 1,000.00 | November 13, 2023 | ||||||||||||||||
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300 MW Saad solar PV project in Riyadh | Financial close | 209.00 | January 24, 2023 | ||||||||||||||||
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2.06 GW Al Shuaibah 2 solar PV project in Mecca | PPA signed | N/A | December 09, 2022 | ||||||||||||||||
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91 MW Layla solar PV project in Riyadh | PPA signed | 106.78 | June 08, 2022 | ||||||||||||||||
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1,500 Sudair solar PV project in Riyadh | Project in construction | 906.16 | March 31, 2022 | ||||||||||||||||
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700 MW Ar Rass solar PV project in Riyadh | PPA signed | 450.00 | March 11, 2022 | ||||||||||||||||
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387 MWp South Jeddah Noor solar PV project in Makkah | Technology Provider Selected | N/A | January 23, 2022 | ||||||||||||||||
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Country | Transaction | Type | Sectors | Updated | Details |
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The consortium comprising TotalEnergies and Saudi developer Aljomaih Energy and Water Company (AEW) has signed a 25-year Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (S...
Read moreACWA Power and Larsen & Toubro Limited (L&T) have selected Nextracker to provide its all-terrain tracker NX Horizon-XTR for a 1.17 GW installation at Al Kahfah Solar Power...
Read moreMasdar, EDF Renewables and Nesma Company have signed a 25-year power purchase agreement (PPA) with Saudi Power Procurement Co. (SPPC) to develop the US$1 billion 1.1 GW Al Henakiyah Solar Project...
Read moreElsewedy Electric Company has signed a contract with Al Ghazala Energy Company (subsidiary of Jinko Power) to build a solar power station with a capacity of 300 MW in Saudi Arabia.
Read morePower purchase agreements signed for the 2.06 GW Al Shuaibah 2 solar project in Mecca, Saudi Arabia.
Read moreACWA Power has signed a 30-year Power Purchase Agreement (PPA) with the Saudi Power Procurement Company for energy produced from the 91 MW Layla solar photovoltaic IPP project located in the...
Read moreACWA Power and the Saudi Power Procurement Company (SPPC) have signed a power purchase agreement (PPA) for the 700 MW Ar Rass solar photovoltaic plant in Saudi Arabia’s Al Qassim province.
Read moreJinko Power Technology Co. Ltd. has signed a 25-year power purchase agreement with Saudi Power Procurement Company (SPPC) for the 300 MWp Saad solar photovoltaic project.
Read moreSpanish solar tracker solutions provider PV Hardware (PVH) has been commissioned by a consortium of Masdar, EDF Renewables, and Nesma Company, to provide solar trackers for the 387 MWp solar phot...
Read moreThe Saudi Arabian Ministry of Energy has released a list of bidders shortlisted for the country’s National Renewable Energy Program (NREP) round 3 auction. Winners, once announced, will enter in...
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