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ACWA Power launches Tiba 1 gas station
Acwa Power has announced the commercial startup of Taiba 1 Gas Power Plant in the Madinah region, which operates using combined cycle technology to improve fuel efficiency and reduce carbon emissions. The energy production in the first phase reached 1,272 megawatts out of the total plant capacity of 1,934 megawatts, accounting for approximately 65% of the full capacity. The financial impact of this operation is expected to appear in the company's financial statements starting from the fourth quarter of 2026, enhancing the company's capabilities in Saudi Arabia's energy sector and supporting its plans to expand the country's energy infrastructure.
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