Home Power plant Saudi Arabia have received bids for Qiddiya PPP utilities package

Saudi Arabia have received bids for Qiddiya PPP utilities package

Saudi Arabia, Acwa Power, and Alfanar submitted bids for the public-private partnership utility package for the Qiddiya Entertainment City on 30 June. The public-private partnership package will include power generation capacity, water desalination capacity, waste management, and wastewater treatment facilities.
Saudi Arabia’s Qiddiya Investment Company, a fully owned company of sovereign wealth vehicle Public Investment Fund, has received bids from two consortiums for the public-private partnership utility package on the Qiddiya entertainment city.
The two groups that submitted proposals for the public-private partnership contract are led by the local firms Acwa Power and Alfanar.
The public-private partnership package will include power generation capacity, water desalination capacity, waste management, and wastewater treatment facilities.
The first phase of the Qiddiya development, scheduled for opening in 2023, will include 45 projects across the hospitality, entertainment, and sports sectors. A total area of 103 sq/m will be developed over the 334 sq/m site.
Saudi Arabia’s Public Investment Fund is planning to develop integrated utility infrastructure through public-private partnership models at three of its megaprojects.
The public-private partnership contract will include the provision of power and water production, sewage treatment, and solid waste treatment. The Red Sea Development Company is owned by sovereign wealth vehicle Public Investment Fund, and the Public Investment Fund will provide the guarantee for the 25-year offtake agreement.
the first phase of the Red Sea development, which is due to be commissioned in 2022, power generation capacity will be required to service a peak demand of 210MW. Power is planned to be generated for the first phase from photovoltaic solar, wind energy, energy storage batteries, and biofuel emergency power.
the second phase, which is due to be commissioned by 2030, power generation capacity will be required to meet the peak demand of 360MW.
The selected developer will also be required to provide a sewage treatment plant with a capacity to treat up to 18,000 cubic meter days of sewage under the first phase of the project through a constructed wetlands scheme. The peak sewage flow of the development is expected to reach 34,000 cm/d by 2030.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Car Insurance Company in Saudi Arabia

SALAMA Comprehensive This is a conventional product. This plan includes GCC cover. This plan includes personal accident cover. There...

how much is car insurance in Dubai

How to Estimate the Cost of Car Insurance in Dubai? There are more than 10 different insurance companies...

Top 10 Best Car Insurance Companies In Dubai – UAE

There are two types of insurance policies: comprehensive insurance which covers losses arising from theft, fire, or accidents, and third party insurance...

SNOC begins gas production at Mahani field in Sharjah

Sharjah National Oil Corporation (SNOC) and its partner Italian oil major Eni have pulished the start-up of Mahani-1 gas well, marking the...