Saudi Electricity Company seeks developers for 100 MW PV solar plants
Saudi Electricity Company (SEC) has launched request for pre-qualifications to develop two 50 MW solar photovoltaic (PV) Independent Power Plants (IPPs) to be located in Al-Jouf and Rafha, north of the Kingdom of Saudi Arabia.
SEC is conducting a competitive process to select developers for construction and operations of the solar (PV) IPPs . According to sources, SEC would launch tender documents to pre-qualified groups by October 20, with a bid submission date likely in early 2017.
This announcement comes after last month we reported that SEC launched request for expression of interest (RFEO) for the two projects.
The IPPs will support already existing conventional plants in their respective locations. The project companies incorporated to develop the sites will sell their entire output to SEC under a long term power purchase agreement (PPA). Developer will be responsible to develop the solar (PV) IPPs on the land procured by SEC.
In late May we reported that SEC signed a US$900 million loan agreement with the Export-Import Bank of Korea (KEXIM) and other international lenders for the financing of Shuqaiq Steam Power Plant. The Shuqaiq Steam Power Plant project located in Jazan province on the Red Sea coast is a 2,640 MW oil-fired steam power plant with an investment estimated at US$3.2 billion.
Country news
-
-
June 16, 2016
Saudi Arabia seeks interest for 100 MW PV plants
Saudi Electricity Company (SEC) has launched a request for expression of interest (RFEOI) to develop two solar photovoltaic (PV) Independent Power Plants (IPPs) to be located in Al-Jouf and Rafha, north of the Kingdom of Saudi Arabia. Read more -
May 27, 2016
Saudi Electricity Co signs $900 M loan for Shuqaiq plant
Saudi Electricity Co, a state-controlled monopoly on the generation, transmission and distribution of electric power in Saudi Arabia has signed a US$900 million loan agreement with the Export-Import Bank of Korea (KEXIM) and other international lenders for the financing of Shuqaiq Steam Power Plant. Read more -
November 12, 2015
Saudi Total announces new General Manager
Saudi Total, a joint venture between Zahid Group and Total, has announced the appointment of Hisham Atalla as General Manager. Read more -
April 09, 2014
ACWA Power increases its ownership in Shuqaiq IWPP
ACWA Power announced last week their fully owned subsidiary namely Saudi Arabian Water and Electricity Company (SAWEC) acquired a 6% indirect shareholding in Shuqaiq Water and Electricity Company (SqWEC) from Mitsubishi Corporation of Japan. Read more -
July 08, 2014
IFC invests in ACWA Power to support renewable energy throughout MENA
World Bank's International Finance Corporation will invest up to $100 million in ACWA Power, which will help the company significantly increase the amount of power it generates from renewable sources and meet growing energy demand throughout the Middle East and North Africa. Read more
