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Saudi Electricity Company (SEC) has signed a 25-year power purchase agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 1 expansion project, which will generate 1,179 megawatts (MW) with a $1.4 billion investment. This initiative aims to enhance efficiency and reduce emissions, featuring a future carbon capture unit, and is expected to impact SEC's finances starting in Q2 2027. The agreement strengthens SPPC's role in the Kingdom's energy market, following SEC's recent financial activities totaling $5.8 billion.