Qurayyah IPP

Qurayyah IPP (QIPP) is a large gas fired combined cycle power station in Qurayyah, Saudi Arabia.

The project is being developed on a BOO (Build Own Operate) basis, with finance from international banks (HSBC, Standard Chartered, SMBC) and numerous local banks (Banque Saudi Fransi, National Commercial Bank, Samba, Arab National Bank, Saudi British Bank and Saudi Hollandi Bank).

Technology
The power station consists of six identical groups of equipment provided by Siemens, each with a net output of 654.5 MW. Each block has a 2+2+1 configuration consisting of two SGT6-5000F Combustion Turbines, two Heat Recovery Steam Generators, and one SST6-4000 Steam Turbine. At 52%, it is the most efficient power station of its kind in the country, and one of the largest in the world, at 3,927 MW.

Shareholders
The shareholder structure of Hajr Electricity Production Company is as follows:
 * ACWA Power: 17.5%
 * Samsung C&T Corporation: 17.5%
 * MENA Infrastructure: 15%
 * Saudi Electricity Company: 50%

EPC contractor
Samsung C&T Corporation has been appointed as EPC contractor.

BOO coordinated with civil engineering chief Nour Sobh for the initial construction work.

Milestone dates
LNTP (Limited Notice to Proceed): June 1, 2011

Contract Signing: September 21, 2011

Financial Close: April 26, 2012

PCOD (Project Commercial Operation Date): June 30, 2014