Saudi Electricity Company seeks developers for 100 MW PV solar plants

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Saudi Electricity Company seeks developers for 100 MW PV solar plants

Saudi Electricity Company (SEC) has launched request for pre-qualifications to develop two 50 MW solar photovoltaic (PV) Independent Power Plants (IPPs) to be located in Al-Jouf and Rafha, north of the Kingdom of Saudi Arabia. 

SEC is conducting a competitive process to select developers for construction and operations of the solar (PV) IPPs . According to sources, SEC would launch tender documents to pre-qualified groups by October 20, with a bid submission date likely in early 2017.

This announcement comes after last month we reported that SEC launched request for expression of interest (RFEO) for the two projects. 

The IPPs will support already existing conventional plants in their respective locations. The project companies incorporated to develop the sites will sell their entire output to SEC under a long term power purchase agreement (PPA). Developer will be responsible to develop the solar (PV) IPPs on the land procured by SEC.

In late May we reported that SEC signed a US$900 million loan agreement with the Export-Import Bank of Korea (KEXIM) and other international lenders for the financing of Shuqaiq Steam Power Plant. The Shuqaiq Steam Power Plant project located in Jazan province on the Red Sea coast is a 2,640 MW oil-fired steam power plant with an investment estimated at US$3.2 billion. 

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