Project

Taiba 2 CCGT IPP

Saudi ArabiaEnergy Infrastructure, Power GenerationReviewed 6 September 2026

Approximately 1.8 GW CCGT independent power project. A 25-year PPA was signed on 14 November 2023 and financial close was reported in July 2024; implementation and equipment works continue. No commissioning or commercial operation date is verified. Sponsor consortium: AEC / Ajlan & Bros Group / Buhur for Investment Company / EDF Group. Combined with the co-procured Qassim 2 CCGT (3.96 GW combined capacity), combined investment cost SAR 14.6bn (~$3.9bn) via equity bridge financing and senior debt. Simple-cycle grid connection expected 2026; full combined-cycle operation expected 2027 (forecast, not achieved).

Status

Under ConstructionStatus
Procurement CompletedProcurement Status

Scale & Capacity

1.8 GWInstalled Capacity (approximate)
14.6 SAR billionCombined Investment (Taiba 2 + Qassim 2)

Overview

Location
Al Madinah Region, Saudi Arabia
Scale / Scope
Approximately 1.8 GW combined-cycle gas turbine (CCGT) IPP. Project-specific capital expenditure and financing allocation are not confirmed.

Participants & Roles

Technology / Equipment Provider

Sponsor / Developer

Procuring Authority

Offtaker / Revenue Counterparty

EPC Contractor

Sources
  • Saudi Press AgencyOfficial / Government
  • Siemens EnergyProject Company / Sponsor
  • EnerdataIndustry / Trade Source