Riyadh PP11 / Dhuruma IPP

Riyadh PP11 / Dhuruma IPP - a Independent Water & Power Project in Saudi Arabia. Capacity 1.7 GW. Winning consortium: GDF Suez + AlJomaih + Sojitz. Power tariff: USD $0.0280/kWh. Status: Operational.

Country

Saudi Arabia

Procurer

SEC

City / region

Dhuruma (~125km W of Riyadh)

Capacity

1.7 GW

Status

Operational

Power tariff

USD $0.0280/kWh

Winning consortium

GDF Suez + AlJomaih + Sojitz - equity: SEC 50% / ENGIE 20% / AlJomaih 15% / Sojitz 15%

Procurement timeline

• RFP: 2009
• Bid submission: Dec 2009
• Preferred bidder: Dec 2009
• Commercial close: 2010
• Financial close: 2010
• PCOD: 12 Mar 2013

Prequalified bidders

5 PQ

• GDF Suez/AlJomaih/Sojitz
• ACWA Power
• Marubeni
• IPR
• KEPCO

Financing

• Capex: ~USD 2.1 bn
• Lenders: Int'l + Saudi banks
• Tenor: Long-tenor PF

Technical scope

Process: CCGT

Benchmark low tariff at award (2.8c/kWh); ~SR 1.9bn savings vs nearest bidder

Notes

Dhuruma Electricity Co SPV.

EPC contractor: Hyundai Heavy

Sources

• MEED

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