The intermediary entity responsible for purchasing electricity from producers and selling it to distribution companies.
Saudi Power Procurement Company acts as an official intermediary between electricity producers (independent power plants) and distribution companies, managing long-term power-purchase agreements ensuring market stability and encouraging investment in new generation projects.
The company plays a central role in facilitating new developers' entry into the power-generation market via guaranteed power-purchase agreements (PPAs), creating a stable environment for generation-equipment vendors and independent power-plant investors in the Kingdom.
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