📋 Tender Overview
Scope of Work:
To Build 1,800 MW Qassim IPP 1 Project. Expected to be completed in 2027.
Description:
This project is in alignment with kingdom’s Saudi Green Initiative, and its ambitious greenhouse gases (GHGs) net-zero target by 2060 as well as the energy sector’s objectives to ensure security of supply, diversity of market participation, fair competition, and transparency. This project will introduce the developer’s ability to implement CCS or other potential solutions to address GHGs emissions when deemed feasible allowing for greater participation of developers, EPCs, and Original Equipment Manufacturers (OEMs), and will drive further local content and value-added to the Kingdom.
Winner Consortium: Saudi Electricity Company + International Company for Water and Power Projects (ACWA Power)
Pre Qualified Bidders for Technical and Financial Member: Abu Dhabi National Energy Company PJSC (“TAQA”), Kahrabel FZE – Engie, EDF S.A., General Electric Company, International Company for Water and Power Projects (ACWA Power), JERA Co., Inc., Korea Electric Power Corporation, Marubeni Corporation, Nebras Power Q.P.S.C, The Kansai Electric Power Co Inc, Saudi Electricity Company, Power and Water Utility Company for Jubail and Yanbu (Marafiq), Samsung C&T Corporation, Sumitomo, NTPC Limited, China Power International Holding Ltd + Ajlan Brothers, Al Jomaih Energy & Water Co. (AEW) + EDRA Power Holdings Sdn Bhd, Sojitz Corporation
Pre Qualified Bidders for Financial Member: Alfanar Company, Gulf Investment Corporation G.S.C
Pre Qualified Bidders for Technical Member: Orascom Construction
The financing agreement involves a consortium of international and local commercial lenders, including Standard Chartered Bank, Bank of China, Riyad Bank, Saudi National Bank, Alinma Bank, Saudi Investment Bank, and Saudi Awwal Bank.
Financing Sources:
2) Bank of China
1 FUXINGMEN NEI DAJIE,
BEIJING,
CHINA
TEL:(86) 010-66596688
FAX:(86) 010-66016871
https://www.boc.cn/
