PROJECTS: Saudi Arabia's TRSDC receives revised proposals for PPP utilities and infra package

Award expected in Q4 2020

  
Image used for illustrative purposes Construction worker is planning to build a power station.

Image used for illustrative purposes Construction worker is planning to build a power station.

Getty Images/ BartCo

Saudi Arabia's The Red Sea Development Company (TRSDC) has received revised offers from the two shortlisted consortiums for the $500 million public-private partnership (PPP) utilities and infrastructure package for its Red Sea tourism development, a source told Zawya Projects.

Two consortiums led by Saudi Arabia's ACWA Power and France's Engie respectively submitted their best and final offers in August, the source said.

ACWA Power's consortium includes China Energy Engineering Corporation while the Engie-led group includes Masdar, Power China and Saudi Tabreed, the source said

The submission of revised offers had to do with a minor change in scope, a second source told Zawya Projects.

"The developer contract is expected to be awarded by November 2020," the second source said, adding that the tender was released on 17 January 2020 with a commercial bid submission date of 1 March, which had been extended thrice to 29 March, 30 April and 10 May.

The project, which include power generation, water production, sewage treatment and solid waste treatment, is expected to be completed by the fourth quarter of 2025, the second source said.

ILF Consulting Engineers is the Front-End Engineering Design consultant while Ernst & Young is the financial consultant for the project, the first source said.

Two consortiums led by ACWA Power and Alfanar have been shortlisted for the PPP utilities and infrastructure works package of Qiddiya entertainment complex, the second source disclosed.

"The bid evaluation process is ongoing with the award is expected to be by early October 2020," the second source said.

The PPP package's scope includes power generation, water desalination, renewable energy, sewage treatment, and district cooling.

(Reporting by Senthil Palanisamy; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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© ZAWYA 2020

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