Rabigh II Independent Power Project Advisory Assignment
A consortium led by Marubeni Corporation has appointed Verus Partners to advise on the upcoming competitive tender for SEC’s 1700 MW Rabigh II IPP in the Kingdom of Saudi Arabia. The power plant will be operated with heavy fuel oil under a PPA that will run for 25 years from completion of construction.
This appointment follows a number of other similar advisory engagements for Marubeni-led bids in the Kingdom, including SEC’s competitive tenders for the PP11 and Qurayyah IPPs in 2009/2010 and 2011 respectively.