Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- MSX-listed industrial firms shine following signing of Oman-India CEPA
- Visa partners with Aldar to complete first end to end voice-enabled agentic payment in the region
- UAE accelerates toward 2026 with unmatched financial and digital strength
- Qatar records 34 more LNG cargoes in 11 months up to November: GECF
- Oman, Türkiye aim to raise bilateral trade to $5bn over next five years
- NBB signs deal with Procural to boost digital procurement capabilities
- Basrec partners with Lumofy to build future-ready workforce
- Burjeel Holdings appoints Dr Shamsheer Vayalil as CEO too
- Alba contains industrial fire safely
- ADNOC secures $2bn K-Sure-backed green projects funding
28/10/2025 04:24 AST
Saudi Electricity Company (SEC) has signed power purchase agreements worth SAR12.8 billion ($3.4 billion) for two large scale CCGT (Combined Cycle Gas Turbine) power plants located in Riyadh city with a combined production capacity of 3,356 MW.
Wholly-owned by SEC, these power plants are PP13 with production capacity of 1,678 MW and PP14 with production capacity of 1,678 MW.
The agreement, which includes ownership and operation of these CCGT power plants for a 21-year period, was inked with Saudi Power Procurement Company - Principal Buyer, said SEC in a statement.
The financial impact is expected over the lifetime of both agreements starting from 2025, it added.
Trade Arabia
14/12/2025
Saudi Electricity Company (SEC) has signed a landmark financing agreement with the Italian Export Credit Agency (SACE), with a total value of up to $1 billion, aimed at supporting the development and
Trade Arabia
08/12/2025
Saudi Electricity Company (SEC) has announced that it has signed a tri-party agreement with French bank Bpifrance and GE Vernova, a purpose-built energy technology company, to facilitate financing fo
Trade Arabia
11/08/2025
Saudi Electricity Company (SEC) continued to deliver robust financial and operational performance in the second quarter and first half of 2025, said an SEC press release issued on Sunday.
Re
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
22/12/2025
Visa and Aldar have announced a strategic collaboration that marks the first live implementation of Visa Intelligent Commerce in the region, introducing end-to-end, voice-enabled agentic payment expe
Khaleej Times
22/12/2025
The National Bank of Bahrain (NBB) has signed a strategic agreement with Procural, a Bahrain-based digital procurement and tendering platform.
The collaboration supports NBB's ongoing digita
Trade Arabia
22/12/2025
Bahrain Ship Repairing & Engineering Company (BASREC) has signed a strategic agreement with Lumofy, an AI-powered talent development and competency management platform, as part of its commitment to a
Trade Arabia
22/12/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has announced that its Board of Directors has approved the appointment of Dr Shamsheer Vayalil as Chief Executive Off
Trade Arabia
22/12/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has swiftly contained an industrial fire that broke out at a power rectiformer in the morning of December 19, a company st
Trade Arabia
Financial Information Co.
Saudi Arabia