SPPC announces the launch of Taiba and Qassim IPPs
The Saudi Power Procurement Company (SPPC) announced the launch pf the Independent Power Producers Taiba and Qassim projects. The new IPPs are electrical power generation projects with provision for Carbon Capture and Sequestration (CCS) readiness.
The projects have a total capacity 7,200 MW. It is broken up in four combined cycle power projects of 1,800MW capacity each: Taiba IPP 1 - 1,800 MW; Qassim IPP 1 - 1,800 MW; Taiba IPP 2 - 1,800 MW; Qassim IPP 2 - 1,800 MW.
This is in alignment with Kingdom’s Saudi Green Initiative, and its stated greenhouse gases (GHGs) net-zero ambition by 2060 through deployment of technologies for circular carbon economy approach.
This is in addition to the energy sector’s objectives to ensuring security of supply, diversity of market participation, fair competition, and transparency,
The projects will drive further local content and add value to the Kingdom by contributing to raising the local content percentage and industry localization.