Sept. 15, 2007 -- Marafiq, the Power and Water Utility Company for Jubail and Yanbu, has invited Expressions of Interest from interested parties for the proposed development and tender of a greenfield Independent Water and Power Project (IWPP) to be located at Yanbu Industrial City.
Following the submission of Expressions of Interest, Marafiq expects to issue a Request for Qualification (RFQ) document this month itself to invite statements of qualification from interested parties. Marafiq expects to issue a Request for Proposals to pre-qualified developers in October 2007.
The IWPP project will be 1,500 to 1,700 MW and 150,000 cubic meters per day capacity.
Marafiq will have a 40 per cent shareholding in the project company that will build, own and operate (BOO) the IWPP, with 60 per cent of the shares to be tendered to the international market.
A specific onshore site has been selected for the IWPP. The plant will be fueled by heavy fuel oil with crude oil as backup fuel, or crude oil only.
For more information, see: http://www.marafiq.com.sa/pdf/mediakit/RFEOI%20Marafiq%20IWPP%20Yanbu.pdf
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