More time for Marafiq bidders

27 August 2004
The Power & Water Utilities Company for Jubail & Yanbu (Marafiq)has extended the bid deadline by two months to 15 December for its planned independent water and power project (IWPP) at Jubail. The deadline extension was granted to allow bidders more time to prepare their proposals (MEED 20:8:04).

Five groups led by international developers - the UK's International Power, Belgium's Tractebel, France's Total, the US' AES Corporationand Japan's Mitsui & Company- are preparing to bid for the project, which calls for the construction of 2,400-MW and 79-million-gallons-a-day (g/d) power and desalination plant. Financial close and the signing of all the project agreements are scheduled for mid-2005, with first operations to start in late 2007.

Citigroupand Samba Financial Groupare the financial advisers on the IWPP. A team comprising Germany's Lahmeyer International, the US' Kuljian Engineering Corporationand Austria's ILF Consulting Engineersare the technical advisers (MEED 20:8:04).

Proposals are due in from developers on 8 January for the Shouaiba IWPP, which is being handled by the Water & Electricity Company. The plant will have capacity of 650-900 MW of power and 194 million g/d of water. Eleven groups and companies are prequalified to bid (MEED 6:8:04).

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