Saudi Electricity to delay Rabigh deadline

14 October 2008
Saudi Electricity Company is expected to extend the deadline for bids to develop the Rabigh independent power project (IPP) by four weeks, according to a source close to the scheme.

The utility has decided to postpone the 1 November deadline following requests from potential bidders.

The IPP will have a capacity of 1,200MW.

Potential bidding groups for the project include Belgium’s Suez Energy International with the UK’s International Power and Saudi Oger; the local Acwa Power Projects with Korea Electric Power Corporation and Japan’s Mitsubishi Corporation; and Japan’s Marubeni Corporation with the local United Infrastructure Developers Company.

A fourth group includes the local National Power Company and Abu Dhabi National Energy Company (Taqa).

Finally, Japan’s Sojitz has teamed up with Malaysia’s Powertek Berhad and local Xenel Industries (MEED 25:7:08).

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