{
  "language": "en",
  "interfaceLanguage": "en",
  "url": "https://voltformer.com/news/rabigh-2-ipp-financial-close-october-2026",
  "slug": "rabigh-2-ipp-financial-close-october-2026",
  "category": "epc-contractors",
  "publishDate": "2026-10-05",
  "sourceName": "MEED",
  "sourceUrl": "https://www.meed.com/rabigh-2-ipp-expansion-secures-258bn-financing",
  "readingTimeMinutes": 1,
  "tags": [
    "Saudi Arabia",
    "Power",
    "Electricity",
    "Grid",
    "Energy",
    "Infrastructure",
    "October 2026"
  ],
  "content": {
    "title": "Rabigh 2 expansion reaches $2.58bn financial close",
    "summary": "The 2,313.5 MW Rabigh 2 combined-cycle gas project has secured financing for its expansion in Saudi Arabia.",
    "sections": [
      {
        "heading": "Financing for new generation",
        "paragraphs": [
          "MEED reported on 5 October that Al Morjan Two Electricity Company reached financial close for the Rabigh 2 independent power project expansion. The financing package is reported at $2.58 billion."
        ],
        "sources": [
          {
            "name": "MEED",
            "url": "https://www.meed.com/rabigh-2-ipp-expansion-secures-258bn-financing"
          }
        ]
      },
      {
        "heading": "Capacity addition",
        "paragraphs": [
          "The combined-cycle gas turbine expansion is expected to add about 2.3 GW of generation capacity. The close marks a financing milestone; the report does not describe the plant as operational."
        ],
        "sources": [
          {
            "name": "MEED",
            "url": "https://www.meed.com/rabigh-2-ipp-expansion-secures-258bn-financing"
          }
        ]
      }
    ]
  },
  "companies": []
}