SPPC - 3700MW Renewable Energy Program: Round 5

General Information
Owner Saudi Power Procurement Co
Masterplan Project (Parent Profile) Saudi Pwr Procurement – National Renewable Energy Program – Saudi Arabia
Location Saudi Arabia
Status --
Sector Power, Generation, Solar Power Farm
Contract Type Build Operate Transfer (BOT)
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 0
Estimated Budget Value ---
Contract Value 0
Net Value $3000m
Award Date August 2024
Completion Date November 2028
Last Updated On February 2024
ProjectId (Old, New) 351236, 351236

Saudi Power Procurement Company (SPPC) is planning to undertake the construction of four solar power plants with a combined capacity of 3700 MW under the fifth round of the renewable energy program in Saudi Arabia.

The US$7,700 million project includes the following:

1. Construction of 4 independent power plants

a. 2000MW Al Sadawi Solar IPP

b. 1000MW Al Masaa Solar IPP

c. 400MW Al-Hinakiyah 2 solar IPP

d. 300MW Rabigh 2 Solar IPP

2. Installation of solar panels

3. Installation of transformers

4. Laying of transmission lines

5. Construction of associated facilities

Second Section

18 February 2024

Rabigh 2 solar, Al Henakiyah 2 solar, Al Masaa solar, and Al Sadawi solar : The main contract tender has been issued and the bid submission deadline is due on June 10, 2024. (Source: MEED)

12 February 2024

The following companies are the prequalified bidders: Abu Dhabi Future Energy company, Aljomaih Holding, Alfanar group, B. Grimm Public Power Company, BGL Energy, Electricite de France, FAS Energy, Itochu Corporation, Jinko Power, Kahrabel, Korea Electric Power Corporation, Marubeni Corporation, Nebras Power, Nesma Renewable Energy, Samsung C&T, SPIC Huanghe Hydropower Development, Sumitomo Corporation, Total Energies. The following companies are the prequalified developers: GEK Terna, Gulf Energy Development PLC, Jera, Power Construction Corporation, Saudi Electricity Company. (Source: MEED)

17 January 2024

The Request for Qualification has been submitted and the request for proposals (RFP) is expected to be issued by end of Q1 2024.

15 November 2023

The Request for qualification (RFQ) has been issued with the submission due on December 5, 2023.

10 October 2023

The main contract tender is expected to be issued in 2024. (Source: MEED)

26 July 2023

The project is still in the initial stage of development.

12 January 2023

The project is still in the initial stage of development.

17 May 2022

The project is still in the initial stage of development.

08 August 2021

The client has received bids from financial services firms for Transaction Advisory contracts.