The Renewable Energy Project Development Office (REPDO) of Saudi Arabia’s Ministry of Energy has received bidders proposals for Round 3 Category “B” Solar PV Projects of capacity 1000MW, which are part of National Renewable Energy Program (NREP).
REPDO received proposals from the following three consortiums:
- ACWA Power, Saudi Arabia
- MASDAR, UAE, EDF Renewables, France and NESMA, Saudi Arabia
- Jinko Power, China
Category B will consist of two projects of total Capacity 1000MW
- Ar Rass Solar PV IPP with a capacity of 700 MW to be located in the central Province, approximately 420 km from Riyadh city
- Saad Solar PV IPP with a capacity of 300 MW to be located in the central Province, approximately 80 km from Riyadh city
REPDO is being advised by Sumitomo Mitsui Banking Corporation (DIFC Branch) – Lead and Financial Adviser, DLA Piper Middle East LLP – Legal Adviser and Fichtner GmbH & Co. KG – Technical Adviser for this project.
All projects tendered by The Ministry of Energy are 100% IPPs backed by 25-year Power Purchase Agreements (PPA) with the Saudi Power Procurement Company (SPPC) as offtaker.
Bidders proposals for Category A of projects with total Capacity 200MW is already received by REPDO (read more)
Saudi Electricity Company (SEC) already awarded the 380/132kV Substations to following companies, that will evacuate the power generated from above two powerplants.
- Saudi Services for Electro Mechanic Works (SSEM) awarded $68.5million Ar Rass Solar PV 380/132kV Substation (read more)
- Al Sharif Group for Contracting awarded $52.7million Saad Solar PV 380/132kV Substation (read more)
Read Also: Saudi Arabia signed Power Purchase Agreement for 2,970MW Solar PV Projects
