Arabian Bemco bids low for power plant contract
Saudi Electricity Company (SEC) has opened bids to build PP12 (power plant 12), at a site located 100 kilometres west of Riyadh city and adjacent to the PP11 combined-cycle power plant, which is now under construction.
PP12 will have a net generating capacity of 1,745MW plus 25 per cent (1,745-2,181MW) and will include the construction of a 380kV substation.
The following bids were tabled for the engineering, procurement and construction (EPC) contract:
- Arabian Bemco (Saudi Arabia): SR2,371.83 ($632) a kW
- Hyundai Engineering & Construction (South Korea): SR2,419.48 a kW
- Tecnicas Reunidas (Spain): SR2,513.95 a kW
- Daelim (South Korea): SR2,520.99 a kW
- Hyundai Heavy Industries (South Korea): SR2,625.14 a kW
- National Contracting Company (Saudi Arabia) and Siemens (Germany): SR3,163.63 a kW
The financial opening follows a technical evaluation that was conducted in 2011 and early 2012.
Meanwhile, the PP11 project is under construction at a nearby site. Unlike PP12, PP11 is being built as an independent power project (IPP) by UK-French company IP-GDF Suez with South Korea’s Hyundai Heavy Industries as EPC contractor. The facility will have a capacity of 1,729MW and is planned for completion by 2013.
Also in Riyadh, the PP10 project is being converted from simple cycle to combined cycle technology. The project will add 1,300MW generating capacity and is being undertaken by Arabian Bemco.
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