Saudi Power Procurement Company - 3.6GW Gas Fired Power Plant in Taiba (IPP)

General Information
Owner Saudi Power Procurement Co
Masterplan Project (Parent Profile)
Location Madinah, Al-Madinah Province, Saudi Arabia
Status --
Sector Power, Generation, Oil/Gas Power Plant
Contract Type Build Own Operate (BOO)
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 0
Estimated Budget Value ---
Contract Value 0
Net Value $4000m
Award Date January 2023
Completion Date December 2026
Last Updated On June 2022
ProjectId (Old, New) 338781, 338781


Saudi Power Procurement Company is planning to undertake the construction of Gas Fired Power Plant in Taiba, Saudi Arabia.

The US$4000 million project includes the following:

1. Construction of 3600 MW power plant

2. Construction of a powerhouse

3. Construction of access roads

4. Installation of gas turbines

5. Installation of heat recovery steam generators

6. Installation of gas-insulated switchgear (GIS) substation

7. Installation of control system

8. Installation of transformers

9. Installation of the air-compression system

10.Construction of related facilities

Second Section

03 June 2022

The main contract bid submission has been extended till October 2022. (Source: MEED)

12 April 2022

The main contract bids are expected to be submitted by June 9, 2022.

15 February 2022

The client has issued request for proposal for the project with the bid submission deadline around mid of 2022. The client is expected to shortlist the bidders by mid August 2022 and announce the successful bidder by mid October 2022.

10 February 2022

The RFP is expected to be issued soon, The following are the prequalified lead developers: Abu Dhabi National Energy Company (Taqa, UAE), EDF (France), General Electric (US), International Company for Water and Power Projects (Acwa Power, local), Jera (Japan), Kahrabel (UAE), Korea Electric Power Corporation (Kepco, South Korea), Marubeni Corporation (Japan), Nebras Power (Qatar), The Kansai Electric Power Company (Japan). (Source: MEED)

04 January 2022

Engie is likely to participate in bidding process. The request for proposals is yet to be issued. (Source: MEED)

29 November 2021

The client has received EOIs from the following 26 companies: Abu Dhabi National Energy Company, Al Jomaih Energy and Water Co, Alfanar Company, Alghanim International General Trading and Contracting Co., China Power International Holding Limited, EDF Renewables, Elsewedy Electric, General Electric Company, Gulf Investment Corporation, Hyundai Engineering Co., Acwa Power, Jera, Kahrabel, Korea Electric Power Corporation, Malakoff International Limited, Marubeni Corporation, Mowah Company, National Contracting Company, Nebras Power, NTPC BHEL Power Projects Private Limited, NTPC Limited, Orascom Construction, Power and Water Utility Company for Jubail and Yanbu (Marafiq), Samsung C&T Corporation, Sojitz Corporation and The Kansai Electric Power Co. (Source: MEED)

03 November 2021

Client has issued an expression of interest with the submission deadline on November 23, 2021. (Source: MEED)

18 October 2021

The request for qualification is expected to be issued by the first quarter of 2022. (Source: MEED)

02 August 2021

Linklaters has been appointed as the legal advisor.

13 July 2021

Developers are waiting for the expressions of interest (EOI) notice to be issued on the project.

21 June 2021

Technical consultancy works have commenced on the project. (Source: MEED)

08 April 2021

Cranmore Partners has been awarded the financial advisory contract. (Source: MEED)

23 February 2021

Fichtner GmbH & Co KG has been appointed as the technical consultant for the project. (Source: MEED)

21 February 2021

Cranmore Partners has submitted the lowest bids for the financial advisory contract and the bids are currently under evaluation. (Source: MEED)

01 February 2021

Following companies have submitted bids for financial advisory contract *Ernst& Young *Sumitomo Mitsui Banking Corporation *PricewaterHouseCoopers and *Cranmore Partners. (Source: MEED)