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Saudi Arabia Initiates Bid for Hybrid Power Plant Project

Private Sector Invited to Develop Renewable Energy at Key Port

by Huda Marshad
July 14, 2024
in Energy
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The Zakat, Tax, and Customs Authority of Saudi Arabia (ZATCA), in collaboration with the National Center for Privatization and PPP (NCP), has announced the commencement of a tender for the establishment of a hybrid power plant at the Empty Quarter land port.

In the initial phase of Request for Qualification, private entities are being invited to explore the opportunity to develop renewable energy capacity at the Empty Quarter port, which would be operated under a long-term concession arrangement.

ZATCA envisions that the successful bidder will be responsible for the comprehensive scope of the project, which includes the design, construction, financing, operation, and maintenance of the power facility. The aim is to fulfill the port’s energy requirements for a duration of 25 years, leveraging solar energy among other renewable sources.

This initiative is part of a broader strategy to minimize the dependency on diesel and secure a consistent power supply to this vital border terminal. The project is aligned with the objectives of Saudi Vision 2030, which emphasizes economic diversification.

Candidates for the project will undergo a rigorous assessment based on their technical skills and financial capacity to meet the project’s demands, utilizing a private investment framework.

Tags: Empty Quarter PortHybrid Power PlantPublic-Private PartnershipRenewable EnergySaudi Arabia
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