| Element List | Explanation |
|---|---|
| Introduction | ACWA Power Company announces achieving Financial Close for Two (2) Large-Scale Combined Cycle Gas Turbine (“CCGT”) Power Plants, namely Rumah-1 and Al-Nairyah-1, located in the Riyadh province and Eastern province of Saudi Arabia, with a total production capacity of 1,800 MW for each plant. ACWA Power’s effective shareholding in each project is 35%. |
| Date of obtaining the funding | 2025-08-21 Corresponding to 1447-02-27 |
| Financing entity | The financing was secured by a consortium of local, regional, and international lenders, along with an export credit agency. The lending group includes Export-Import Bank of Korea (KEXIM), Saudi National Bank, Saudi Investment Bank, Banque Saudi Fransi, Standard Chartered Bank, Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and Arab Petroleum Investments Corporation |
| Financing amount. | SAR 12.8 billion (USD 3.4 billion) |
| Financing duration. | Approximatively 28 years. |
| Guarantees offered for the financing | For ACWA Power, limited to its equity bridge loan, early generation revenue amount, standby equity and reserve account. |
| Financing objective | Develop, Build, Own and Operate for two CCGT Power Plants |
| Related Parties | 1) Saudi Electricity Company “SEC” 2) Saudi National Bank |
