Energy Saudi opens bidding process for third round of gas-fired power projects ByEach project has a planned generation capacity of 1,800MW, significantly contributing to the Kingdom’s expanding power generation portfolioSaudi Power Procurement Company (SPPC), the principal buyer of electricity in the Kingdom, has announced that it has kicked off the qualification process for the 3rd round of gas-fired independent power producer (IPP) projects across the country. Round 1 comprised the Taiba 1, Taiba 2, Qassim 1, and Qassim 2 independent power projects, while Round 2 included the Rumah 1, Rumah 2, Nairyah 1, and Nairyah 2 independent power projects. Each project has a planned generation capacity of 1,800MW, significantly contributing to the Kingdom’s expanding power generation portfolio and supporting growing electricity demand. Each SPV will sign a long-term power purchase agreement with SPPC. The 3rd round is part of the Kingdom’s broader plan to increase private investment in electricity generation, while supporting its transition to lower-carbon power production through more efficient gas-fired generation and future carbon capture readiness.