ACWA Power, the Saudi Electricity Co., and Korea Electric Power Corp. reached financial close for the Rumah 1 and Nairyah 1 integrated power-plant projects. Saudi Power Procurement Co. invested approximately USD $4 billion in the projects and will manage project tendering and power purchasing.
ConocoPhillips and Sempra Infrastructure signed a 20-year sale and purchase agreement for 4 MTPA of LNG from the Port Arthur LNG Phase 2 development project in Jefferson County, TX. The PALP 2 development project will feature two liquefaction trains that produce approximately 13 MTPA of LNG. This phase increases the Port Arthur LNG facility’s total liquefaction capacity to about 26 MTPA.
Per an agreement with International Electric Power III, Essential Utilities will invest $26 million in a 1,400-acre data center facility in Greene County, PA. The company’s subsidiary, Aqua, will also design, build, and operate an 18 million gallon-per-day water treatment plant connected to the power plant and data center. The Greene County project may come online in Q1 2029, with Essential Utilities and IEP already securing manufacturing slots for gas turbines. The turbines will be delivered in 2028.
GE Vernova is investing 16.2 million CAD to upgrade its hydropower manufacturing Sorel-Tracy facility in Quebec, Canada. The project includes expanding the site by approximately 20% and installing new equipment for large-scale component manufacturing.