SNC Lavalin submits lowest bid for $4bn plant
Firm submits lowest bid for project management consultancy deal
SNC Lavalin has presented the lowest bid for a management consultancy deal at a Saudi power plant, Reuters has reported.
The plant is being built by Saudi Electricity Co and is to be based in Rabigh on the Red Sea coast, costing around US$4 billion.
No value of the bid from SNC Lavalin has been reported, although the firm is said to be in pole position for the project management consultancy (PMC) deal.
Reuters also reported a source as saying that Parsons Brinckerhoff, a firm owned by Balfour Beatty, was the second lowest bidder. A spokesperson for SNC Lavalin was unable to confirm whether the company had won the contract.
Other bidders include Foster Wheeler, Worley Parsons, Lahmeyer International and Fichtner Consulting Engineers, the news agency reported.