The Saudi Electricity Company (SEC) has extended the bid deadline for the Rabigh 2 independent power project (IPP).

Contractors now have until 21 October to submit proposals for the contract. The previous submission date was 6 October.

Rabigh 2 IPP, planned as a 1,700MW supercritical plant, will be built on a build-own-operate basis and will use heavy fuel oil (HFO). Companies prequalified to bid on the scheme:

  • Acwa Power (Saudi Arabia)
  • Adani Power (India)
  • GD Power (China)
  • General Electric (US)
  • IP-GDF Suez (UK)
  • Jindal Power (India)
  • Korea Electric Power Corporation (South Korea)
  • Marubeni Corporation (Japan)/UIDC (Saudi Arabia)
  • Mitsui & Co (Japan)
  • Sembcorp (Singapore)
  • SK (South Korea)
  • Sumitomo Corporation (Japan)
  • Taqa (UAE)
  • Tenaga Nasional Berhad (Malaysia)

The winning bidder will design, finance, construct, commission, test, own and maintain the IPP. The developer will take a 50 per cent stake in the project company. The remaining 50 per cent will be owned by SEC. Construction of the plant and associated facilities is scheduled to begin no later than 31 March 2013, with a projected commercial operation date of 1 April 2017.

The project company will sell its entire output to SEC under a 25-year power purchase agreement. SEC will be responsible for dispatching power from the project. SEC will supply HFO to the project company, having sourced the fuel from Saudi Aramco under a separate agreement.

The IPP will use supercritical steam generators and is to be built at a site around 150 kilometres from Jeddah in Saudi Arabia’s Western province. Besides the power plant, the developer will also construct seawater intake and outfall structures, fuel facilities including storage and disposal facilities.

According to SEC’s schedule, the project is expected to reach financial close by 31 March 2013.