The revised RFP is understood to have been issued to the three groups which were preparing to submit bids for the original project. They were:
A developer group made up of the UK’s International Power (IP)
, Saudi Oger
and Japan’s Sumitomo Corporation
with South Korea’s Doosan Heavy Industries & Construction
and Germany’s Siemens
as its nominated engineering, procurement and construction (EPC) contractor team;
Belgium’s Suez Tractebel
with Gulf Investment Corporation (GIC)
and the US’ General Electric
and South Korea’s Hyundai Heavy Industries (HHI)
as its EPC contractors;
Japan’s Mitsui & Company
, Korea Electric Power Corporation (Kepco)
and the local National Power Company
with Mitsubishi Heavy Industries
, also of Japan.
Under the project schedule, Marafiq is aiming to shortlist bidders by 28 June, sign the 20-year PWPA on 23 August and reach financial close by the end of 2006. Full plant commissioning is scheduled for late 2009. The successful bidder will take a 60 per cent stake in a new project company with the remaining 40 per cent held by Marafiq.
The IWPP will comprise a 2,500-MW power plant, which will be connected to the 380-kV national grid, and 176 million gallons a day (g/d) of desalination capacity. The desalination will be built in three blocks: a 66 million-g/d block will supply Marafiq and two other blocks, totalling 110 million g/d, will supply the Saline Water Conversion Corporation (SWCC).
and Samba Financial Group
are the financial advisers on the IWPP. A team comprising Germany’s Lahmeyer International
, the US’ Kuljian Engineering Corporation
and Germany’s ILF Consulting Engineers
are the technical advisers.
Marafiq is planning a second IWPP at Yanbu, involving the addition of a 1,500-MW plant. However, the RFP is only expected to be issued once Jubail has been awarded. More imminent is the release of the RFP for the Shuqaiq IWPP for which Water & Electricity Company
has recently prequalified 13 developers (MEED 2:12:05, Cover Story).