| Element List | Explanation |
|---|---|
| Introduction | Saudi Energy Co. Announces Signing the Storage Services Agreement (“SSA”) with the Saudi Power Procurement Company – Principal Buyer (“SPPC”) for Al-Muwaih Battery Energy Storage System Independent Storage Project (“ISP”), in Makkah province of Saudi Arabia. The power/energy capacity of the project is 500MW/2,000MWh. Saudi Energy holds an effective shareholding of 35.1 % in the project. |
| Date of Announcement of the Award | 2026-08-20 Corresponding to 1448-03-07 |
| Contract Subject Matter | Storage Services Agreement (“SSA”) |
| The Entity with Which the Contract was Signed | Saudi Power Procurement Company – Principal Buyer (“SPPC”) |
| Date of Signing the Contract | 2026-08-20 Corresponding to 1448-03-07 |
| Contract Value | SAR 1.06 billion |
| Contract Details | 1. Development, Financing, Building, Owning and Operating Battery Energy Storage System Independent Storage Project and the connection to grid station. |
| Contract Duration | 15 years from the plant commercial operation date |
| Financial Impact and the Relevant Period | The financial impact will be announced once the Project achieves its financial close. |
| Related Parties | ACWA Power |
