The Saudi Power Procurement Company (SPPC) received the expressions of interest (EOI) for a combined cycle gas-fired Taiba Power Plant, on 23 November 2021.
A total of 26 companies, including 5 Saudi companies, expressed their interest in the Taiba IPP project as follows:
- Abu Dhabi National Energy Company (TAQA)
- Al Jomaih Energy and Water Co.;
- Alfanar Company
- Alghanim International General Trading and Contracting Co. W.L.L.;
- China Power International Holding Limited;
- EDF S.A.;
- Elsewedy Electric PSP;
- General Electric Company;
- Gulf Investment Corporation G.S.C.;
- Hyundai Engineering Co., Ltd.;
- International Company for Water and Power Projects (ACWA Power);
- JERA Co., Inc.;
- Kahrabel FZE
- Korea Electric Power Corporation;
- Malakoff International Limited;
- Marubeni Corporation;
- Mowah Co. CJSC;
- National Contracting Company Limited;
- Nebras Power Q.P.S.C.;
- 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;
- The Kansai Electric Power Co., Inc.
The plant will have a net power capacity of 3,600MW and to be located near Madinah in the Western region of the Kingdom of Saudi Arabia.
SPPC is planning to sign a power purchase agreement (PPA) with the appointed developer for a period of 25 years following the beginning of commercial operations of the plant. The project be developed under a build, own and operate (BOO) structure.
Saudi Power Procurement Company (SPPC) is being advised by Fichtner GmbH as Technical Consultant, Cranmore appointed as Financial Consultant and Linklaters appointed as legal Consultant.
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