Saudi Electricity Company invites expressions of interest for 5,400 MW combined cycle IPP

Saudi Electricity Company (SEC) has requested expressions of interest (EOI) in respect of the potential development of a 5,400 MW combined cycle Independent Power Plant (IPP) operating on natural gas as primary fuel, to be located in Al Al Wasia area (90 km from Riyadh), the central region of Arabia Saudi.

SEC will conduct a competitive process to select a developer or developer consortium for development, financing, procurement, implementation, operation and maintenance of the generation plant of approximately 5,400 MW net of power generation capacity, together with associated infrastructure and facilities.

The project company to be incorporated to develop the project will sell their entire output to SEC under a long term Power Purchase Agreement. The IPP will be developed on the land procured by SEC.

Following submission of the EOI, SEC expects to issue the pre-qualification (RFQ) document in December 2016. The RFQ will include further information, including a description of the project, an outline of the tender process and evaluation criteria for pre-qualification of interested parties.

SEC is being advised by HSBC Saudi Arabia Limited as Financial Consultant; DLA Piper Middle East LLP as Legal Consultant; and Fichtner GmbH & Co. KG as Technical Consultant.

The deadline for submitting proposals is November 24.

For more information about the project, please visit our Business Opportunities.