Marafiq invites bids for $1.5bn project
01 September 2010
MARAFIQ, Saudi Arabia’s privately-run power and water utility company for Jubail and Yanbu, has invited bids from international companies for the construction of a $1.5-billion, 850-MW thermal power plant at Yanbu, along Saudi Arabia’s Red Sea coast.
Companies from Europe, the US, South Korea and Saudi will be invited to bid for the contract.
The power plant at Yanbu will be fired by heavy fuel oil but it will be able to use Arabian light crude oil as a backup fuel. Saudi uses 320 million barrels of crude oil annually for power generation, representing about 10 per cent of the country’s total production.
European companies expected to take part in the bidding include Siemens, based in Munich, Germany; Tecnicas Reunidas, based in Madrid, Spain; and Saipem, based in Milan, Italy.
South Korean companies expected to bid include Samsung Engineering, Hanwha Engineering and Construction Corporation, Daelim Industrial Company, and Hyundai Heavy Industries.
San Francisco-based Bechtel Group, and Jeddah-based Arabian Bemco Contracting Company have also been invited to bid.
Meanwhile, Mott MacDonald has been appointed by Dhuruma Electricity Company as the owner’s engineer for the $1.6-billion Riyadh PP11 power plant. Located 125 km from the capital in Riyadh Central Province, the plant is expected to produce around 1,700 MW of electricity and will be Saudi Arabia’s largest combined cycle gas-fired power station.
Due for completion in 2013, the project also involves the construction of a 380 kV gas insulated substation for the export of the power to the national grid.
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