Shoaiba tests bidders’ staying power
- From: Vol 5, Issue 3 (March 2004)
- Category: General
- Region: Middle East
- Country: Saudi Arabia and United Arab Emirates
- Related Companies: ACWA Power, Al Bugshan, Al-Baraka Group, Al-Jomaih, Al-Zamil, Black & Veatch, CCC, International Power, Itochu, Mada, Malakoff, Mitsui & Co., Mott MacDonald, Mubadala Development Co, Ondeo/Suez, Power & Integrated Projects Company, RWE/Thames (Water), Saudi Oger, SNC Lavalin, Steag, Sumitomo, Tenaga Nasional Bhd, Tractebel and Veolia Environnement (formerly Vivendi Environnement)
Already far from a straightforward deal, Shoaiba now faces competition from the Marafiq IWPP. Developers might not have the appetite for both.
The delay in issuing RFP documents for the Shoaiba IWPP is testing the nerve of developers prequalified to bid for the project. At least one of the potential bidding groups has withdrawn and several others are thought to be considering their next move.
It is likely that five groups from the original 11 which prequalified will proceed to the next ...
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