Shuqaiq RFQ out, Shouaiba moves

24 June 2005
The request for qualification (RFQ) document has been issued to local and international companies for the Shuqaiq independent water and power project (IWPP). The release coincided with the Water & Electricity Company (WEC)entering contractual negotiations with the sole bidder for the Shouaiba IWPP, after clarification meetings were completed with the local/Malaysian consortium of ACWApower, Malakoff Berhadand Tenaga Nasional Berhad(MEED 25:3:05).

Developers have been given until 17 September to respond to the RFQ on the oil-fired Shuqaiq plant. Some 44 local international companies have expressed interest in the build-own-operate (BOO) project, which has recently been increased in size to 850 MW and 47 million gallons a day (g/d).

The request for proposals (RFP) is due to be issued for Shuqaiq in late October, following the signing of the key project agreements, including the 20-year power and water purchase agreement (PWPA), on the Shouaiba IWPP. Financial close on the estimated $2,200 million Shouaiba project is scheduled for the first quarter of 2006. The oil-fired plant will have a capacity of 900 MW and 176 million g/d.

The advisory team on Shouaiba and Shuqaiq comprises HSBC(financial), Germany's Fichtner(technical), and Clifford Chancewith the local Law Firm of Yousef & Mohammed al-Jadaan(legal).

The revised RFP is also under preparation at The Power & Water Utilities Company for Jubail & Yanbu (Marafiq) for its Jubail IWPP, which was significantly increased in size in May (MEED 20:5:05).

www.meed.com/powerwater

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