| Country |
: |
Saudi Arabia |
| Project Value |
: |
USD 2,200,000,000 Estimated |
| Sector |
: |
Power and Water | IPP - Independent Power Provider, Power Generation
|
|
Consultant |
: |
Fichtner Consulting Engineers
(Technical) |
| Profile Type |
: |
Standalone Project
|
| Associated Projects |
: |
| Related Projects (1) |
|
Phase:
Construction - Execution
|
|
Completion: Apr 2015
|
|
|
|
| Background |
Saudi Electricity Company (SEC)Saudi Electricity Company (SEC) plans to build an Independent Power Provider in Qurayyah in the Eastern Province.
Al Qurayya IPP is the third IPP to be built under SEC's IPP program.
SEC will allocate the land sites for the project through land lease agreement.
The feedstock will consist of gas. SEC will supply fuel requirements and utilize Energy Conversion Agreement Model (ECM) to provide fuel to the project company.
SEC will be the single off taker of power output from the IPP and will be responsible for building the transmission lines.
Fichtner Consulting EngineersFichtner Consulting Engineers is the technical consultant. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Jun 2014 |
Completion | Commercial operation expected to start | | Apr 2015 | Completion | Project expected to be completed
|
|
| Latest Events |
In September 2011, the construction of the plant started.
In June 2014, the commercial operation of the first phase is expected to start.
In April 2015, the project is expected to be completed. |
| Previous Events |
In July 2011, the BOO contract was awarded to the consortium of ACWA Power InternationalACWA Power International, Mena Infrastructure Fund and Samsung C&T.
In June 2011, the consortium of ACWA Power InternationalACWA Power International, Mena Infrastructure Fund and Samsung C&T was officially announced as the preferred bidder.
On 26 March 2011, bidders submitted their proposals for the BOO contract (previously expected on 28 February 2011 and 19 March 2011). The consortium of ACWA Power InternationalACWA Power International, Mena Infrastructure Fund and Samsung C&T was the lowest bidder.
In December 2010, SEC pre-qualified 7 consortiums.
In November 2010, the RFP for the BOO contract is expected to be issued (delayed from August 2010 and September 2010).
On 11 August 2010, companies submitted their EOI for the BOO contract.
In August 2010, SEC decided to change the primary fuel of the project from heavy fuel oil to gas.
On 20 June 2010, 16 companies submitted their pre-qualification documents for the project.
On 31 May 2010, 39 companies submitted their EOI for the BOO contract.
In May 2010, SEC invited companies to submit EOI for the BOO contract for Al Qurayyah IPP.
In September 2007, SEC awarded the consultancy services contracts to Fichtner Consulting EngineersFichtner Consulting Engineers for the technical contract, CitigroupCitigroup for the financial contract, and Law Office of Mohammed Bin Saud Al-Rasheed, in association with Baker Botts for the legal contract.
In June 2007, bidders submitted their proposals for the technical, financial and legal advisory contracts. |
| Scope of Work |
Construction of a 2,000 MW gas fired power plant. |
| Financing Source |
CitigroupCitigroup is the financial adviser. Law Office of Mohammed Bin Saud Al Rasheed in association with Baker Botts is the legal adviser.
SEC will develop independent power projects with private developers taking 60% stake in the project company to be established to oversee the project. SEC will hold 10% and the remaining 30% will be held by a third party.
Kexim, Exim and Hermes are the export credit agencies. SambaSamba, Banque Saudi FransiBanque Saudi Fransi, HSBCHSBC, Standard CharteredStandard Chartered, Sumitomo Mitsui Banking CorporationSumitomo Mitsui Banking Corporation and National Commercial BankNational Commercial Bank will provide the debt. |
| Related Projects |
|
| Project News |
|
|
| Schedule | Contract Phase/Phase | Description |
| Jun 2007 |
PMC | Bidders submitted proposals for technical, financial and legal advisory contracts
|
| Sep 2007 |
PMC | Technical advisory contract awarded to Fichtner Consulting EngineersFichtner Consulting Engineers.
|
| May 2010 |
BOO | Invitation for the submission of EOI
|
| 31 May 2010 |
BOO | Companies submitted EOI
|
| 20 Jun 2010 |
BOO | 16 companies submitted pre-qualification documents
|
| 11 Aug 2010 |
BOO | Companies submitted their EOI
|
| Aug 2010 |
Planning | Primary fuel of the project changed from heavy fuel oil to gas
|
| Nov 2010 |
BOO | RFP issued
|
| Dec 2010 |
BOO | SEC pre-qualified 7 consortiums
|
| 26 Mar 2011 |
BOO | Bidders submitted their proposals
- Consortium of ACWA Power International, Mena Infrastructure Fund and Samsung C&T
- Consortium of Kahrabel GDF SUEZ, International Power, Aljomaih Holding Company and Hyundai Heavy Industries
- Consortium of Marubeni Corporation, Doosan Heavy Industries and Construction Company and Hanwha Corporation
- Consortium of Powertek Berhad, Saudi Oger and GS Engineering and Construction Company
- Consortium of Sumitomo Corporation, Korea Electric Power Company and Hyundai Engineering and Construction Company
- Consortium of Tenaga Nasional Berhad, Saudi Binladin Group and Iberdrola Ingenieria Y Construction
|
- Consortium of ACWA Power International, Mena Infrastructure Fund and Samsung C&T
- Consortium of Kahrabel GDF SUEZ, International Power, Aljomaih Holding Company and Hyundai Heavy Industries
- Consortium of Marubeni Corporation, Doosan Heavy Industries and Construction Company and Hanwha Corporation
- Consortium of Powertek Berhad, Saudi Oger and GS Engineering and Construction Company
- Consortium of Sumitomo Corporation, Korea Electric Power Company and Hyundai Engineering and Construction Company
- Consortium of Tenaga Nasional Berhad, Saudi Binladin Group and Iberdrola Ingenieria Y Construction
|
- Consortium of ACWA Power International, Mena Infrastructure Fund and Samsung C&T
|
|
| Jul 2011 |
BOO | Contract awarded to the consortium of ACWA Power InternationalACWA Power International, Mena Infrastructure Fund and Samsung C&T
|
| Sep 2011 |
BOO | Construction started
|
| Jun 2014 |
Completion | Commercial operation expected to start
|
| Apr 2015 |
Completion | Project expected to be completed
|
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