Saudi Arabia sets date for final 600MW solar project offers

6 Apr 2020
Saudi Arabia sets date for final 600MW solar project offers

Saudi Arabia’s Renewable Energy Project Development Office (Repdo) has invited two of the bidders to submit best and final offers (BAFO) for the 600MW Fasiliyah photovoltaic (PV) solar project by 19 April.

Repdo recently opened the commercial prices and shortlisted bidders for five of the six PV solar projects under the second round of the kingdom’s ambitious National Renewable Energy Programme (NREP).

However, for the largest planned project under the second round, the 600MW Fasiliyah scheme, the levelised cost of electricity (LCOE) tariffs from the two lowest bidders were so close that the client decided to invite the two bidding groups to submit BAFO before or on 19 April.

Energy & Utilities earlier reported that the two consortiums that had been invited to participate in the BAFO were:

  • Acwa Power (local), GIC (Kuwait), Al-Babtain
  • Masdar (UAE), EDF (France), Nesma Holding (local)

The two consortiums invited to submit a BAFO were both shortlisted as first ranked bidder for one of the remaining three Category B projects under the second round.

For the 300MW Jeddah PV independent power project (IPP), the Masdar/EDF/Nesma consortium was ranked first shortlisted bidder with a levelised cost of electricity (LCOE) tariff of SRhalalas6.09 per kilowatt hour (SRh/kWh), $cents1.62/kWh in US dollars.

The Acwa Power consortium was selected as first ranked bidder for the 200MW Qurrayat IPP with a submitted LCOE of SR6.688/kWh.

The successful bidders will sign a 25-year power purchase agreement (PPA) with the offtaker Saudi Procurement Company (SPPC).

Energy & Utilities Middle East and Africa Market Outlook Report 2022: Out Now!

The coming years promise opening of new avenues within the energy industry. The latest outlook report from Energy & Utilities highlights the power sector outlook with a focus on both, developed regions, as well as emerging markets.

Explore core findings about the business opportunities, regulatory environment in the Middle East’s power market and more about the planned projects and investments in Africa’s emerging utilities markets in this latest release.

E&U Podcast

Subscribe to our Market Talk podcast for the latest on the key issues and trends in the energy and utilities sector

List your business

Create a business listing on the Energy & Utilities markeplace

Sign up for the FREE Energy newsletter

The latest news and analysis sent to your inbox.

Drop Us A Message
I have read, understood and consent to your Privacy Policy