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Saudi Aramco seeks new bids for Jazan power plant

The bids were higher than the state-run oil giant had hoped for

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Fourteen companies bid in October to build elements of a 2,400MW plant at the refinery
Fourteen companies bid in October to build elements of a 2,400MW plant at the refinery

Saudi Aramco has asked companies to submit cheaper offers to build parts of a complex to supply energy to an oil refinery at Jizan, industry sources have told Reuters.

A total of 14 companies bid in October for four packages to build elements of a 2,400MW integrated gasification combined cycle (IGCC) plant at the refinery.

The bids were higher than the state-run oil giant had hoped for, so it is now inviting lower-cost bids for three of the four packages, one source said.

“The original bid price exceeded the budget so they are trying to find ways to shrink the cost,” said a second source familiar with the matter.

Saudi Aramco declined to comment.

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