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Wed 2 May 2007 02:03 PM

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Ras Az Zawr candidates announced

The Saudi Water and Electricity Company has listed the names of the 23 companies and consortia to have bid for the water and power project.

The Saudi Water and Electricity Company (WEC) has listed the names of the 23 companies and consortia to have submitted their statements of qualification (SOQs) for the independent water and power project (IWPP) at Ras Az Zawr on its website.

"We are now in the process of evaluating these SOQs and we will notify and post the list of the pre-qualified companies and consortia by 30 May 2007," said Omar Alghamdi, WEC chief executive officer.

Ras Az Zawr is the third IWPP being sought by WEC. Riyadh-based ACWA Power Projects, who were awarded the Shuqaiq IWPP at the end of February, will once again be among the bidders. As before, ACWA is teaming up with the Mitsubishi Corporation but will this time join forces with the Korea Electric Power Corporation.

The Gulf Investment Corporation, who were also in the winning consortium with ACWA for Shuqaiq, are bidding for Ras Az Zawr separately. Other bidders include the Abu Dhabi National Energy Company and the Sumitomo Corporation from Japan.

The development at Ras Az Zawr, 140 km from the city of Dammam, is set to cost US $3 billion and will add 1 million m³ of water a day and up to 1100 MW of power.

Alghamdi said a request for proposals was scheduled to be issued on 15 June, with bids to be submitted by 15 January 2008. The project is due to begin in June 2012.

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