Rihab ElAwal Power Company

Rumah 2 and Al Nairyah 2 CCGT Projects - Financing

Borrower(s)
Industry
Power/Gas-fired combined cycle
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
Saudi Arabia

Deal Overview

Abu Dhabi National Energy Company (TAQA), JERA and AlBawani have announced the financial close of the Rumah 2 and Al Nairyah 2 power plants in Saudi Arabia. The greenfield combined cycle gas turbine (CCGT) power plants are designed for future carbon capture integration and will deliver a...

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Deal Volume
$4bn
Financial Close
03/09/2025
Dealmakers
Sources

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Tranches

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Project Deals

1.8 GW Rumah 2 Gas-Fired Combined Cycle Project
$2bn
Greenfield
Gas-fired combined cycle
Middle East
Middle East
Saudi Arabia
1.8 GW Nairyah 2 Gas-Fired Combined Cycle Project
$2bn
Greenfield
Gas-fired combined cycle
Middle East
Middle East
Saudi Arabia