Principal Buyer Company is a limited liability company wholly owned by the kingdom, established on 5 March 2017. Its scope revolves around tendering electricity generation projects, procuring electricity and capacity, entering into Power Purchase Agreements, Energy Conversion Agreements, and Sale Agreements, procuring primary and back-up fuel for delivery, and selling it in bulk to cogeneration licensees. Additionally, it procures system services as necessary to ensure electrical system.

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