Saudi power project in prequalification stage

by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 06 February 2008

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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.

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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.

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