Latest news with #powerproject
Zawya
7 days ago
- Business
- Zawya
Kuwait issues RFP for 1.1GW solar power project in Shagaya Renewable Energy Park
Kuwait Authority for Partnership Projects (KAPP) and the Ministry of Electricity, Water, and Renewable Energy has issued Request for Proposal (RFP) for the 1.1 gigawatts (GW) [or 1,100 megawatts (MW)] Al Dibdibah Power and Al Shagaya Renewable Energy - Phase III - Zone 1 Solar PV project, located within the Shagaya Renewable Energy Park (SREP) in Jahra Governorate, west of Kuwait City. The RFP was issued to the two companies and four consortia prequalified for the project in August 2024. These are: France's TotalEnergies Renewables; Vietnam's Trung Nam Construction Investment Corporation; Consortium of Saudi's ACWA Power with Kuwait's Alternative Energy Projects Company; Consortium of UAE's Abu Dhabi Future Energy Company (Masdar) with local company Fouad Alghanim & Sons General Trading and Contracting; Consortium of France's EDF Renewables with local Abdullah Al Hamad Al Sagar and Brothers Company and South Korea's Korean Western Power Company; Consortium of China's Jinko Power with Japan's JERA and local National Technology Enterprises Company. The project scope also includes development, financing, design, supply, engineering, construction, testing, and commissioning of a 400 kV power transmission substation. The deadline for submitting the technical and commercial bids is 14 September 2025 before 12.00 pm. Theproject will be backed by a Power Purchase Agreement (PPA) with the Ministry of Electricity, Water and Renewable Energy for a period of 30 years effective from the project's Commercial Operation Date (PCOD). In May 2025, KAPP had invited prequalification applications for developing the 500MW Al Dibdibah Power and Al Shagaya Renewable Energy - Phase III - Zone 2 Solar PV project (Writing by Deva Palanisamy; Editing by Anoop Menon) (
Argaam
27-05-2025
- Business
- Argaam
GAS signs SAR 830.6M contracts with SPPC
Gas Arabian Services Co. (GAS) signed two contracts, on May 25, with the Saudi Power Procurement Co. (SPPC), the principal buyer, with a total value of SAR 830.64 million, excluding value-added tax (VAT). In a statement to Tadawul, the company said the first contract entails the construction of gas pipeline networks to supply the Nairyah Independent Power Project (IPP), valued at SAR 504.32 million, excluding VAT. In a separate statement, the company noted that the second contract involves the construction of gas pipeline networks to supply the Rumah IPP, with a value of SAR 326.32 million, excluding VAT. The company explained that both contracts include the design, engineering, procurement, supply, and transportation of all equipment and materials, as well as the construction, installation, and commissioning testing of the Rumah IPP. Each contract has a duration of 24 months. GAS expects these contracts to have a positive financial impact on its financial statements for the years 2025 through 2027. According to data compiled by Argaam, GAS had recently announced the award of the two contracts with the SPPC, totaling SAR 830.64 million, excluding VAT.
