REPDO – Sakakah Solar Power Plant 300 MW – Al Jouf - Project Profile

Synopsis
"REPDO – Sakakah Solar Power Plant 300 MW – Al Jouf - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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Scope
The project involves the construction of a 300MW solar power plant in Sakakah, Al Jouf, Saudi Arabia.

The US$300 million project includes the following:

1. Construction of a substation

2. Installation of solar panels

3. Installation of generators

4. Installation of transformers

5. Laying of transmission lines

6. Construction of related infrastructure
Summary
The Ministry of Energy, Industry and Mineral Resources (MOPM) through The Renewable Energy Project Development Office (REPDO) is undertaking the construction of a solar power plant in Sakakah, Al Jouf, Saudi Arabia.

The project involves the construction of a 300MW solar power plant. It includes the construction of a substation and related infrastructure, the installation of solar panels, generators and transformers, and the laying of transmission lines.

Sumitomo Mitsui Banking Corporation has been appointed as the financial advisor, DLA Piper as the legal advisor and Fichtner as the engineering consultant.

The project will be developed under the independent power producer (IPP) model.

On February 20, 2017, the REPDO, a part of the MOPM, issued a request for qualification (RFQ) for the appointment of build, own and operate (BOO) contractor with a submission deadline of March 20, 2017. The selection of contractor has been categorizing as Managing and Technical Member.

In April 2017, REPDO shortlisted the following 27 companies.

Managing Member and Technical Member: ACCIONA Energia Global S.L, ACWA Power, Belectric (RWE Group), EDF Energies Nouvelles, First Solar International Middle East FZ-LLC, Enel Green Power S.p.A, International Power SA, Dubai Branch (ENGIE), Marubeni Corporation, Mitsui & Co and Total Energies Nouvelles Activities USA.

Managing Member: Abu Dhabi Future Energy Company, PJSC -Masdar, Cobra Instalaciones y servicios S.A., JGC Corporation, Nebras Power, Korean Electric Power Corporation (KEPCO), SNC-Lavalin Arabia LLC, Sojitz Corporation, Tenaga Nasional Berhad.

Technical Member: Canadian Solar, Enerparc Projects GmbH, Fotowatio Renewable Ventures, GCL New Energy, Hanwha Q CELLS, Iberdrola Renovables Energia, Jinko Solar, Trina Solar, TSK Electronica Y Electricidad.

REPDO issued a request for proposals (RFPs) to build, own and operate the project with a submission deadline of September 11, 2017. However, it was extended October 2, 2017.

On October 3, 2017, Bids for the project were opened and will be evaluated in a three-month process.

On January 4, 2018, REPDO has shortlisted ACWA Power and a consortium led by Marubeni Corp to develop the project and expected to award the contract in January 2018, backed by a 25-year power purchase agreement.

The other members of Marubeni's consortium are Khaled Ahmed Juffali Energy & Utilities Limited and Axia Power Holdings BV.

On February 6, 2018, ACWA Power has been appointed as construction contractor for the project.

REPDO expected to reach financial closure on February 28, 2018, and start commercial operation in 2019.
Reasons To Buy
• Gain insight into the project.

• Monitor the latest project developments.

• Identify key project contacts.
Key highlights