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Re-tendering of Taiba (3.6GW) and Qassim (3.6GW) IPP Projects | |
| Sumita Pawar |
According to the report, Saudi Power Purchasing Company (SPPC) has announced that it will re-tender the Taiba and Qassim IPP projects with provisions for carbon capture and sequestration (CCS) readiness.
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It added, "The Saudi Power Procurement Company will be re-tendering the Taiba and Qassim projects into four (4) smaller combined-cycle power projects of 1800 MW capacity each with provision for carbon capture and sequestration (CCS) readiness."
It is in alignment with KSA’s Saudi Green Initiative and its stated greenhouse gas (GHG) net-zero ambition by 2060 through the deployment of technologies for a circular carbon economy approach, in addition to the energy sector’s objectives to ensure the security of supply, diversity of market participation, fair competition, and transparency, as mentioned in the report.
According to the report, "these projects will introduce the developer’s ability to implement CCS or other potential solutions to address GHG emissions when deemed feasible, allowing for greater participation of developers, EPCs, and Original Equipment Manufacturers (OEMs)" and will drive further local content and value-added to the Kingdom.
All Taiba and Qassim-qualified developers are automatically qualified for the new projects, while other interested participants can submit their qualification documents as of today.
Project RFPs will be released on January 20, 2023.
By Sumita Pawar