Three international consortiums submitted bids on 21 December for the kingdom's first independent power project (IPP) at Almanakher.
Three international consortiums submitted bids on 21 December for the kingdom's first independent power project (IPP) at Almanakher. The bidders for the 280-400-MW combined cycle scheme, which will be carried out on a build-own-operate (BOO) basis, are: Saudi Arabia's Xenel Industries, with Turkey's Gama; Dubai-based AES Oasis, with Japan's Mitsui & Company; and a consortium of Siemens Project Ventures, Belgium's Unit International and Athens-based Consolidated Contractors International Company (CCC). Nine groups were originally prequalified to bid for the project (MEED 24:6:05).The US' K&M Engineering & Consultancy Corporation is advising the Energy & Mineral Resources Ministry. Tariff proposals for the project, which remained sealed when bids went in on 21 December, will be opened on 7 March in Amman. The successful bidder will sign a 25-year power purchase agreement (PPA) with the government in the first half of 2006. The ministry is overseeing the IPP. The World Bank will provide guarantees for the project (MEED 9:12:05).