South Korea’s Daelim bids low for power plant contract
Saudi Electricity Company (SEC) has opened bids to build its second power plant at Shuaiba.
The following companies submitted bids to build the power plant on an engineering, procurement and construction (EPC) basis:
- Daelim (South Korea) – $1.21bn for 1,238MW
- Hyundai Engineering & Construction (South Korea) – $1.24bn for 1,217MW
- Hyundai Heavy Industries (South Korea) – $1.29bn for 1,257MW
- Arabian Bemco (Saudi Arabia)/GS Engineering (South Korea) – $1.3bn for 1,252MW
- National Contracting Company (Saudi Arabia)/Archirodon (Geneva registered) – $1.39 for 1,260MW
- Tecnicas Reunidas (Spain)/Al-Fanar (Saudi Arabia) – $1.46bn for 1,260MW
- Samsung (South Korea) – $1,5bn for 1,124MW
Bids were submitted at the end of August following several deadline delays (MEED 15:8:11). The natural gas-fired combined cycle power plant is to be completed by the third quarter of 2014.
The first Shuaiba project was developed in three phases. The first has a capacity of 1,050MW, while the second phase has a capacity of 760MW of power and 100 million gallons A day (g/d) of water.
The third phase was built as an independent water and power project with a capacity of 900MW. It was brought online in 2009.
The second Shuaiba project will be built near the existing facility.