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Saudi Electricity Company (SEC) has said that five consortia have submitted bids for the $3.2 billion contract to construct, own and operate a power plant in Riyadh with a capacity of 2,000 megawatt (MW).
Reuters reported that the state-owned company received the bids for a combined cycle plant called PP11 which is to be built in the Saudi capital as part of the KSA’s plan to spend $20 billion on adding at 10,000 MW of extra power to the electricity grid.
SEC’s chief executive Ali al Barrak confirmed the $3.2 billion budget to Reuters and said that the plant would be online by mid-2013.
The bid deadline for the project was extended to December 20, 13 days later than the original date.Â
