‎Acwa, Saudi Energy announce financial closure for Rabigh 2 project

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ACWA Power Co. and Saudi Electricity Co. have successfully achieved the financial close for the Rabigh 2 Combined-Cycle Gas Turbine (CCGT) IPP Expansion Project. The financial arrangement, valued at SAR 9.69 billion (approximately $2.58 billion), spans a tenor of 34 years. The project was funded through a consortium of local, regional, and international financial institutions, highlighting strong lender confidence in Saudi Arabia's power sector infrastructure.