China Energy Engineering Group Guangdong Power Engineering Co.,ltd ,a subsidiary of Energy China announced in a statement that it has awarded EPC contract of Rabigh Solar PV IPP. The Plant capacity is 300MW.
The value of signed contract is approximately RMB 1,201.5 billion (USD 183.8million)
The project was awarded by the consortium, Marubeni Corporation, Japan and Al Jomaih Energy & Water Company Limited, Saudi Arabia.
The Project location is in Rabigh Industrial City, 150km from Jeddah, western region of Saudi Arabia.
Earlier, during April 2021, Marubeni Corporation, Japan announced that it has signed a Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) for Rabigh Solar PV IPP Project having capacity of 300MW. (read more)
SPPC will purchase the produced power for 25 years following the Commercial Operation Date. (COD).
The COD of the project is expected to be in July 2023.
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Read Also: Saudi Arabia signed Power Purchase Agreement for 2,970MW Solar PV Projects
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