Saudi power plans at risk from decarbonisation targets

Saudi power plans at risk from decarbonisation targets

Decarbonisation requirements are challenging Saudi Arabia’s plans to replace ageing power plants, Bracewell partner Andrej Kormuth has warned.

The lawyer, speaking during a media roundtable this week, said the country had “tens of GWs” of power generation capacity it must replace.

“Many developer clients cannot bid for these projects because the terms of these projects go past their own specific carbon neutrality target dates and commitments,” Kormuth said.