Bid & Tender

News

Seven Companies Pre-qualify for Planned Privatisation of Ras al-Khair Plant

Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has pre-qualified five individual developers and two consortiums for the planned privatisation of the $3.9bn Ras al-Khair integrated desalination and power plant.

 

The pre-qualified firms are:

• Acwa Power of Saudi Arabia

• Asian strategic consortium

• China Power International Holding / Ajlan & Bros Energy Company of Saudi Arabia

• Engie of France

• Jera of Japan

• Marubeni Corporation of Japan

• NTPC of India

 

The request for proposals (RFP) for the scheme is expected to be issued before the end of January, although this has not been finalised, a source tells MEED.

 

Saudi Arabia’s National Centre for Privatisation & PPP (NCP) received the pre-qualification applications on 15 October for the scheme.

 

A total of 37 investment companies and utility developers and operators expressed interest in the scheme in July.

 

NCP invited interest for the project in June on behalf of the SWCC.

 

The Ras al-Khair plant houses the world’s largest desalination facility, which has a capacity of more than one million cubic metres a day (cm/d).

 

The facility’s power plant has a generation capacity of 2,650MW.

 

It is the largest and first SWCC asset to be sold off.

 

A team of South Korea’s Doosan and Greece’s Archirodon completed the construction of the $1.46bn desalination plant in Ras al-Khair in 2014.

 

It uses both reverse osmosis (RO) and multi-stage flash (MSF) technologies.

 

MSF accounts for 70% of the plant’s capacity.

 

A team led by China’s Sepco 3 completed the construction of the $2.4bn gas and oil-fired power plant in 2016.

 

In 2017, SWCC appointed France’s BNP Paribas as a financial adviser for the planned privatisation of the Ras al-Khair power and water plant. The UK’s Clifford Chance and Atkins are the legal and technical advisers respectively.

BACK

Related News