If you have forgotten your login details, please re-confirm your email address below and your username and password will be sent to this email shortly.
The plant will be developed under a 25 year BOOT basis and will be fuelled by cracked heavy fuel oil, with Arabian light crude oil as back-up fuel. MarafiqMarafiq will own 40 % of the project company; the remaining 60 % will be held by the selected international developer.
The plant's entire output will be sold to a new off-taker company in Yanbu that will be 100% owned by MarafiqMarafiq.
Lahmeyer International is the technical consultant.
The feasibility study was carried out by Mohammed Turki Mott MacDonald.
Current Status
In June 2009, MarafiqMarafiq decided to implement the scheme on an EPC basis due to difficulties in funding the project.
In Q4 2009, the tender is expected to be issued.
In Q2 2013, the project was initially expected to start commissioning.
In 2014, the project was expected to be completed.
Previous Events
In May 2009, MarafiqMarafiq was investigating the possibility of implementing the project on an EPC basis due to difficulties in securing debt financing for the IWPP scheme (especially after the increase in the project's water capacity)
In April 2009, MarafiqMarafiq decided to increase the desalination plant's capacity from 150,000 cu.m./d. to 650,000 cu.m./d.
Scope of Work
Construction of a 1,700 MW light crude fired power plant and a 650,000 cu.m./d desalination plant with related facilities.
Financing Source
HSBC was appointed the financial consultant and coordinator of the advisory group, Allen and Overy is the legal consultant
Expected Schedule
Phase
Schedule
Description
EPC
Q4 2009
Tender expected to be issued
Project Schedule
Schedule
Phase
Description
Sep 2007
BOOT
Expressions of Interest issued
Oct 2007
BOOT
Request for Prequalification issued
25 Oct 2007
BOOT
Companies submitted Statements of Qualifications (SoQ)
Mar 2008
BOOT
Request for Proposals initially issued
27 Aug 2008
BOOT
Previous bids submission deadline
15 Dec 2008
BOOT
Bidders were expected to submit their proposals
15 Mar 2009
BOOT
Bidders were expected to submit their proposals
Prequalified
Bidders
JV of Acwa Power Projects and Korea Electric Power Corporation (Kepco)
JV of International Power (UK), Oasis International Power and the local Bemco United Infrastructure Development Company