Saudi power project in prequalification stage

zoom

Saudi Electricity Company (SEC) has issued a request for qualification from interested parties to build, own and operate the new independent power plant planned for Rabigh on the Kingdom's west coast, around 140 km north of Jeddah.

Statements of qualification have to be presented by 18 February. Some 45 companies and consortia previously submitted expressions of interest for the project.

The facility will have a capacity of 1200 MW and will be fuelled by heavy fuel oil. It is to be located a few kilometres south of SEC's existing Rabigh power plant.

The project company will sell electricity to SEC under a power purchase agreement, while SEC will supply the fuel oil.

Citigroup is the financial consultant for the project and Germany's Fichtner is acting as technical advisor.

SEC is working on plans for three independent power plants in total. The second scheme is for a 2000 MW facility to be built at a greenfield site west of Riyadh. Details of the third project have yet to be revealed.

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM