Revised schedule for Mesaieed

29 August 2006
The three developers bidding for the 2,000-MW Mesaieed independent power project (IPP) have been asked to submit revised proposals by 31 August. The move follows the decision in mid-July to drop the desalination component of the project (MEED 4:8:06).
The three developers bidding for the 2,000-MW Mesaieed independent power project (IPP) have been asked to submit revised proposals by 31 August. The move follows the decision in mid-July to drop the desalination component of the project (MEED 4:8:06).

According to the letter originally sent by the client to the three bidders the UK's International Power with Chubu Electric Power Company and Mitsui & Company, both of Japan, Marubeni Corporation, also of Japan, and Belgium's Suez Tractebel revised bids were due on 27 July, with a letter of commitment signed by 7 August.

However, following discussions with the bidders, the timetable was rejected as

unachievable. The steering committee on the project comprises Qatar General Electricity & Water Corporation (Kahramaa), Qatar Petroleum and Qatar Electricity & Water Company. The financial adviser is Royal Bank of Scotland; the technical adviser is Fichtner of Germany. Financial close is targeted by the end of the year. Bids were first submitted in April (MEED 21:4:06).

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