Saudi Arabia awards $1.25bn power plant contract

23 October 2011

Daelim will build Shuaiba 2 power plant

Saudi Electricity Company (SEC) has selected South Korea’s Daelim to build its second power plant at Shuaiba. A signing ceremony for the $1.25bn contract will be held in Riyadh on 29 October.

The project will have a capacity of 1,238MW and will be built on an engineering, procurement and construction (EPC) basis. The natural gas-fired combined cycle power plant is to be completed by the third quarter of 2014.

The following bids were submitted for the contract at the end of August (MEED 16:9:11):

  • 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

The second Shuaiba project will be built near the existing facility. 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 (IWPP) with a capacity of 900MW. It was brought online in 2009.

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