SEC names Riyadh PP11 preferred bidders

France's GDF Suez and Saudi Aljomaih Group have been named by the Saudi Electricity Co. (SEC) as its preferred bidders for its Independent Power Project (IPP), the Riyadh PP11, Arab News has reported. The consortium has been selected "as a result of the evaluation process of five proposals", which opened on December 21 for the kingdom's next power plant, SEC said. Riyadh PP11 is an independent power project with a capacity of 1,730MW. The total investment of the plant, which will be fired by gas rather than oil, is expected to be over $2bn, according to GDF Suez.