Shuqaiq adds power capacity
Second stage of Saudi IWPP completed ahead of time.
The Shuqaiq Independent Power and Water Project (IWPP) has added an additional 340MW to its capacity, as the second stage in its development comes online a month ahead of schedule, EPC contractor ACWA Power announced on Sunday.
The power plant now boasts a capacity of 680MW, which is fed into the Saudi grid. Once the third and final stage of the project is completed by the end of 2010, the plant will have a capacity of 850MW.
The Shuqaiq IWPP is owned by the Shuqaiq Water and Electricity Company, a closed Joint Stock Company in which the Saudi Public Investment Fund (PIF) holds a 32 percent stake, and of which the Saudi Electricity Company (SEC) owns 8 percent. The remaining 60 percent are split between ACWA Power International, the Gulf Investment Corporation and Mitsubishi Corp.