Developers wait for 7GW Saudi Arabia power projects

Developers wait for 7GW Saudi Arabia power projects

8 Jul 2021

Developers are waiting for the expressions of interest (EOI) notice from Saudi Electricity Company (SEC) for two planned 3.5GW independent power producer (IPP) projects in Saudi Arabia

Developers are waiting for the expressions of interest (EOI) notice from Saudi Electricity Company (SEC) for two planned 3.5GW independent power producer (IPP) projects in Saudi Arabia.

Energy & Utilities reported in January that Saudi Electricity Company (SEC) was moving ahead with plans for two large gas-fired independent power producer (IPP) projects, which will be located in Taibah and Al-Qassim.

SEC has since appointed Germany’s Fichtner Consulting as the technical adviser and the UK’s Cranmore Partners as the financial adviser for the proposed IPP projects.

SEC first planned to develop a large project in Taiba in 2015, initially as a 3,780MW integrated solar combined cycle (ISCC) project. The project had been tendered as an engineering, procurement and construction (EPC) contract, with a separate original equipment manufacturer (OEM) contractor to be appointed.

However, the tender was cancelled as the kingdom switched strategy back towards the independent power producer (IPP) model.

The last contract that SEC awarded for a major gas-fired IPP was for the 1.5GW Fadhili IPP in 2016. The project was jointly tendered by SEC and state oil company Saudi Aramco, with SEC the offtaker for electricity and Aramco the offtaker for steam and water produced by the cogeneration project.

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