In most power projects, BEMCO
has arranged project financing to accommodate the owner's shortage
when the yearly allocation funds does not match construction
progress and when payment tenures are longer than construction.
Some of these finances include long-term project structures
financing as well as deferred payment options with tenures
between 5-10 years. As the power sector evolves, BEMCO continues
to pioneer this concept at the forefront of the movement.
Since its inception, BEMCO has pioneered and initiated several
concepts for the implementation of Independent Power Projects
(IPP) in the kingdom of Saudia Arabia. This initiative has
been conveyed to government and utility officials by way of
presentations and proposals for specific projects. In this
process, BEMCO has worked with international developers and
financial institutions, thus acquiring a great degree of experience
and know-how in the integration of the development activities
within the bidding and construction phases of these transactions.
For this purpose, joint ventures with international developers
and manufacturers of equipment have been established to integrate
the international know-how and technologies with the experience
of local contractors.
Partial List of Project Development
Studies & Proposals:
- 1,200 MW Shoaiba CC Power Plant- 1991 study and presentation
conducted by GE, BECHTEL, and BEMCO for SCECO, West
- 1,750 MW Shoaiba Steam Power Plant- 1997, official
tender for BOO concept for SCECO- West, Joint Venture
BEMCO-ENRON
- 1,050 MW Shoaiba Steam Power Plant- 1998, Official
Tender for Structures Project Financing for SCECO- West,
Joint Venture BEMCO-ENRON
- 25,000 m3/day STP- 2000/2001, Official tender for BOT
concept for Jeddah Industrial City, Upgrading and expansion
of existing STP
- 150 MW CC Power Plant- 2001, Tender for BOO Concept
for Hadeed Iron and Steel Company.
- 480 MW PP9 Power Plant- 2004, Implementation of Deferred
Payment Project Financing.
- 350 MW Marib-2 Power Plant 2005, Proposal for Long-Term
financing for the Ministry of Electricity in Yemen.
- 36,000 m3/day Desalination Plant- 2006, Official tender
for BOT concept for the General Authority of Civil Aviation
(GACA)- Joint Venture BEMCO-GE
|
