Hajar Two Electricity Company

Qurayyah CCGT IPP Expansion Project – Financing

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

Deal Overview

Financial close has been reached on a SAR10.8 billion ($2.9 billion) 28-year facility to expand the Qurayyah Independent Power Plant with 3,010MW capacity in Eastern Province, Saudi Arabia. The proceeds of the financing are for the development, construction, ownership, and operation of a 3,010MW...

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Deal Volume
$2.88bn
Financial Close
16/10/2025
Dealmakers

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Project Deals

Qurayyah CCGT IPP Expansion Project
$2.88bn
Brownfield
Gas-fired combined cycle
Middle East
Middle East
Saudi Arabia