SNC Lavalin lowest bidder for Saudi consultant deal

Montreal based firm submitted the lowest bid for the project management consultancy deal.
SNC Lavalin lowest bidder for Saudi consultant deal
By Reem Shamseddine
Wed 17 Mar 2010 09:53 PM

Canada's SNC Lavalin Group has presented the lowest bid for a management consultancy deal at a Saudi power plant project, two industry sources said.

The plant, which Saudi Electricity Co plans to build in Rabigh on the Red Sea coast, is estimated to cost around $4 billion.

The Montreal based firm submitted the lowest bid for the project management consultancy (PMC) deal, the sources said declining to give the value of the contract.

A source with direct knowledge of the deal said: "They are the lowest, the technical evaluation is ongoing."

An SNC Lavalin spokesperson could not immediately confirm whether the company had won the contract.

Parsons Brinckerhoff, owned by Britain's Balfour Beatty was the second lowest bidder, one of the sources said.

Foster Wheeler, Worley Parsons, Lahmeyer International, and Britain's Fichtner Consulting Engineers Ltd also bid for the deal, he added.

Saudi Electricity plans to add 20,000 megawatt of capacity through 2018 at an estimated cost of $80 billion to meet demand growing at up to 8 percent per year.

South Korea's Doosan Heavy Industries & Construction was the lowest bidder to build the Rabigh plant with a bid of about $3.9 billion. (Reuters)

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