Client has announced the launch of requests for proposals (RFPs) for the project.
With provision for Carbon Capture and Sequestration (CCS) readiness. In alignment with KSA’s Saudi Green Initiative, and its stated greenhouse gases (GHGs) net-zero ambition by 2060 through deployment of technologies for circular carbon economy approach in addition to the energy sector’s objectives to ensuring security of supply, diversity of market participation, fair competition, and transparency, the Saudi Power Procurement Company will be re-tendering the project into smaller combined cycle power project of 1800MW capacity. These projects 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. Project RFPs will be released on January 20, 2023.
Client has announced that 21 major developer/developer consortiums including global energy leader GE, French utility major EDF, Samsung and India's energy conglomerate NTPC have prequalified for the development of this combined-cycle electrical power generation projects with provision for Carbon Capture and Sequestration (CCS) readiness. The list of the pre-qualified bidders (Financial and/or Technical) for the project include global energy leader General Electric Company; French utility major EDF; Japanese groups - Marubeni; Kansai Electric Power; Sumitomo; Jera and Sojitz Corporation - and top Korean firms Samsung C&T and Korea Electric Power Corporation in addition to India's largest energy conglomerate NTPC. The top regional firms in the race include UAE groups - Abu Dhabi energy company Taqa; Kahrabel FZE (a unit of French utility developer Engie) - Kuwait-based Gulf Investment Corporation and Qatar's Nebras Power as well as leading Egyptian builder Orascom Construction. The local firms which have now been prequalified are Saudi utility giant Acwa Power; Saudi Electricity Company; Power and Water Utility Company for Jubail and Yanbu (Marafiq) and Alfanar Company. Also two key developers have made it to the prequalified bidders list but as developer consortiums -Ajlan Brothers with China Power International Holding and Al Jomaih Energy and Water with Edra Power Holdings.
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