Saudi Arabia’s Renewable Energy Project Development Office (Repdo) has received the best and final offers (BAFO) from the two shortlisted bidders for the 600MW Fasiliyah photovoltaic (PV) solar project, the largest planned project under the second round of the kingdom’s ambitious National Renewable Energy Programme (NREP).
The two consortiums which submitted BAFO for the Fasiliyah PV independent power producer (IPP) project were:
• Acwa Power of Saudi Arabia, GIC of Kuwait, Al-Babtain
• Masdar of UAE, EDF of France, Nesma Holding of Saudi Arabia
Earlier in April, Repdo had opened the commercial prices and selected preferred bidders for five of the six PV solar projects under the second round of the NREP..
However, for the 600MW Fasiliyah PV IPP, the levelised cost of electricity (LCOE) tariffs from the two lowest bidders were so close that the client decided to invite the two groups to submit a BAFO.
The two consortiums invited to submit a BAFO for the Fasiliyah scheme were each shortlisted as first ranked bidder for one of the remaining three Category B projects under the second round.
The successful bidders will sign a 25-year power purchase agreement (PPA) with the offtaker Saudi Procurement Company (SPPC).
