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INFRASTRUCTURE-
#1- The Saudi Power Procurement Company (SPPC) is tendering transaction advisory contracts for two new gas-fired independent power projects — the 2.4 GW Al Rais plant and the 3.6 GW Riyadh project, Meed reports, citing a source it says is in the know. The state-owned energy procurement company has already received bids for the financial, legal, and technical consultancy roles for the projects.
MEANWHILE- Bids for contracts for SPPC’s four 1.8 GW independent power plants — Rumah-1, Rumah-2, Nairyah-1 and Nairiyah-2 — are due on Sunday, 30 June, Meed reported. SPPC would consider an extension for bids if necessary. The list of pre-qualified bidders include local and foreign firms, including a consortium comprising Abu Dhabi National Energy Company (Taqa) and Japan’s largest power generator, Jera, and another comprising local firm Ajlan & Bros and China Power International Holding. It also includes Acwa Power, Marafiq, Saudi Electricity Company, and Jomaih Water and Energy. EDF, Engie, Siemens, and Mitsubishi are also among the pre-qualified bidders.
REMEMBER- Saudi aims to generate 50% of its electricity needs from natural gas by 2030, with the other half coming from renewables.
#2- The Zakat, Tax and Customs Authority (Zatca) has issued a request for qualification for a hybrid power plant in the Empty Quarter land port, according to a project brief. The project will be under a PPP framework with the National Center for Privatization. The project will be under a 25-year design, build, finance, operate, maintain, transfer scheme. It aims to reduce diesel use through renewable energy at the land port. The deadline for submissions is set for Sunday, 21 July.
TELECOMMUNICATIONS-
#1- Nomu-listed infrastructure networks provider Rawasi Albina will replace electromechanic equipment for mobile sites for STC subsidiary Tawal under a SAR 11.9 mn contract, it said in a disclosure to Tadawul. The contract runs for six months.
#2- UAE-based IT services provider e& enterprise opened a new contact and customer experience center in Riyadh, it said in a post on Linkedin. The center will be home to a networks operations center and data centers compliant with Saudi’s cybersecurity standards. It is set to create over 1.5k jobs.
MANUFACTURING-
Tadawul-listed Zahrat Al Waha Trading has completed the installation of printing and packaging lines under its expansion plan, it said in a disclosure to Tadawul. It plans to begin commercial sales from its new lines in 3Q 2024, it said. The Riyadh-based company manufactures PET preform and HDPE closure products.
DEBT WATCH-
#1- Nomu-listed Sure Global Tech has renewed a SAR 45 mm Shariah-compliant credit facility with Banque Saudi Fransi, it said in a disclosure to Tadawul. The one-year facility will fund Sure’s ongoing and future projects.
#2- Tadawul-listed Saudi Fisheries has obtained a SAR 19 mn Shariah-compliant credit facility from Riyad Bank, it said in a disclosure to Tadawul. The two-year facility will finance the loan’s soft cost as well as its general expenses, it added.
SMEs-
The Social Development Bank signed an MoU with dairy giant Almarai to support SMEs operating in the culinary industry, it said in a post on X. It will provide them with necessary support to help them increase production and compete in the local market.
