Rabigh 2

Energy, Oil & Gas

Acwa signs $3bn PPA for Rabigh 2 power plant expansion

Mon, 20 Apr 2026

Acwa signed a $3 billion power purchase agreement (PPA) with Saudi Power Procurement Company for the Rabigh 2 expansion, a 2,313.5 MW gas-fired plant in Makkah, including future carbon capture readiness and a 380 kV substation upgrade.