WEC issues Shuqaiq RFP

13 January 2006
Water & Electricity Company (WEC)issued on 30 December the request for proposals (RFP) for the Shuqaiq independent water and power project (IWPP). The client has set a bid closing date of 30 July, which it says will not be extended (MEED 2:12:05).
Water & Electricity Company (WEC)issued on 30 December the request for proposals (RFP) for the Shuqaiq independent water and power project (IWPP). The client has set a bid closing date of 30 July, which it says will not be extended (MEED 2:12:05).

Thirteen companies and groups are prequalified to bid for the IWPP, which involves the construction of an 850-MW, 47 million-gallon-a-day (g/d) power and desalination oil-fired plant on a build-own-operate (BOO) basis. The selected developer group will take a 60 per cent stake in a new project company, with the remaining 40 per cent to be split between the Public Investment Fund (PIF), with 32 per cent, and Saudi Electricity Company (SEC), with 8 per cent.

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

Proposals are due to be submitted on 26 April for the 2,500-MW, 176 million-g/d Jubail IWPP planned by the Power & Water Utilities Company for Jubail & Yanbu (Marafiq- MEED 9:12:05).

www.meed.com/powerwater

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