King Faisal Specialist Hospital & Research (KFSHRC) Centre is expected to award the main construction contract for its $110 million district cooling plant in Jeddah by the third quarter of 2020, according to a source.
"The main tender has been issued with the bids due on April 5, 2020. The build, own, operate and transfer (BOOT) contract is expected to be awarded by early August 2020," the source told Zawya Projects, adding that the project completion is scheduled for December 2023.
The scope of work includes expanding the existing plant capacity to 37,000 Refrigeration Tonnes (RT) in phase one and construction of an additional plant of 25,000 RT capacity in phase two, a second source told Zawya Projects.
"The scope also includes construction of water tanks, chiller plant and a cooling tower," the source added.
Saudi Arabia's district cooling is set to exceed $1 billion in the next five years, according to research firm Global Market Insight.
(Reporting by Senthil Palanisamy; Editing by Anoop Menon)
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