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International Fund for Agricultural Development (IFAD) Comoros

Rural Youth Entrepreneurship Training and Capacity-building Project

Agriculture Food and Beverages

Rwanda Agriculture and Animal Resources Development Board,Development Bank of Rwanda Rwanda

COMMERCIALIZATION AND DE-RISKING FOR AGRICULTURAL TRANSFORMATION PROJECT-ADDITIONAL FINANCING

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Ministry of Infrastructure, Equipment and Social Housing Burundi

Urban Resilience Emergency Project

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Ministry of Community Development and Social Services (MCDSS) Zambia

Second Additional Financing for Scaling-up Shock Responsive Social Protection Project

Feature & Services

Procurement News

Saipem signs framework agreement for Azerbaijan Project

Saipem announces the signing of a framework agreement between BP Exploration (Caspian Sea) Limited and a consortium composed of Saipem Contracting Netherlands B.V., BOS Shelf LLC and BOS Shelf International FZCO. The framework agreement entails the execution of offshore activities in the Azerbaijani waters of the Caspian Sea operating the SCV Khankendi, a state-of-the-art vessel owned by the Shah Deniz consortium and specifically designed for subsea construction. The overall value of the services that can be provided upon customer request, pursuant to the framework agreement, is estimated at approximately 300 million USD, of which 250 million USD relate to Saipem’s share.Saipem will operate the vessel and will provide the crew to perform the marine activities for the Shah Deniz and Azeri-Chirag-Gunashli fields, located off the coast of Azerbaijan. The consortium’s responsibilities include engineering, procurement, construction and installation of subsea infrastructures and life-of-field services. The agreement, having an initial duration of three years with the possibility of extension for two more, reinforces Saipem’s long-standing relationship with bp and consolidates its presence in an area where the company has been operating since the late 1990s. It also confirms Saipem’s role as an advanced and reliable partner for all kinds of offshore operations and services. Notably, in 2016, Saipem was already assigned the operational management of the SCV Khankendi for the execution of offshore activities for the Shah Deniz field under a framework agreement signed with bp. Azerbaijan

Saudi Arabia: Firms announces financial close of Taiba 2, Qassim 2 Power Plants

Aljomaih Energy & Water Co. and its consortium members Ajlan & Bros Group, Buhur for Investment Company, and the EDF Group, achieved the financial close of the Taiba-2 and Qassim-2 Combined Cycle Gas Turbine (CCGT) independent power plant (IPP) projects with a total capacity of 3.96 GW, in Saudi Arabia. In a statement, Aljomaih said the two projects have been financed through a combination of equity bridge financing and senior debt, secured by Riyad Bank, Saudi Awwal Bank, Abu Dhabi Commercial Bank, Banque Saudi Fransi, Arab Petroleum Investment Corporation (APICORP), Saudi Investment Bank, Bank Al Jazira, Commercial Bank of Dubai, and First Abu Dhabi Bank, for nearly $3.9 billion (or SAR 14.6 billion). The financing will be instrumental in accelerating the development and deployment of the Taiba-2 and Qassim-2 projects, which will be the first two projects in the Kingdom with a provision for carbon capture in line with the Kingdom’s Vision 2030 and the Saudi Green Initiative. The projects will be equipped with the latest HL-class gas turbines from the German company Siemens, in combination with steam turbines and generators, which will generate approximately 2,000 MW of electricity per project. The Taiba 2 and Qassim 2 IPPs are part of the electricity sector projects in the Kingdom, overseen by the Ministry of Energy, in the sector’s journey towards achieving the goals of the optimal energy mix for electricity production (50% renewable energy and 50% energy produced from highly efficient gas-fired plants), and the displacement of liquid fuels of power plants and reduction of carbon dioxide emissions by up to 278 million tons annually by 2030 in alignment with the circular carbon economy approach. Saudi Arabia

Oman achieves 60pc Implementation of Manah 1, Manah 2 Solar Power Projects

Nama Power and Water Procurement Company, Oman announced that it achieved 60 percent implementation of Manah 1 and Manah 2 solar energy projects in the wilayat of Manah, A’Dakhiliyah Governorate. The electricity generation projects, whose lumpsum cost stands at about $800 million, constitute a major milestone in the Sultanate of Oman’s drive to cut down the carbon footprint and limit demand for natural gas. Ahmed Salim Al Abri, Acting CEO of Nama Power and Water Procurement Company, said that the production capacity of “Manah 1 and Manah 2” solar energy projects touches 1,000 megawatts, mainly through the use of solar photovoltaic technology. The projects cover a total area of 14.5 million square meters and comprise more than two million square meters. The total length of their cables extends more than 3,000 km. The projects will supply power to more than 120,000 residential units. Commercial operation of “Manah 1” project is expected to commence during the first quarter of 2025, while “Manah 2” project is expected to begin commercial operation in the second quarter of the same year. Oman

Bahrain receives Bids for 100MW Al Dur Solar PV Power Stations

The Electricity and Water Authority (EWA), Bahrain receives Bidder Proposal to Establish Solar Power Stations at Al Dur area in the Southern Governorate of the Kingdom of Bahrain. TBEA Xinjiang Sunoasis Company Limited has submitted the proposal. TBEA submitted the price of BHD 27.6 million (USD 73.4 million). As per the tender notification,EWA stated that, the establishment of this project is in line with the National Goals of diversifying and sustaining energy resources for achieving the goals of the energy transformation plan in Bahrain. The expected production capacity of the project is between 90 and 100 megawatts. The tender for construction works of the Project will be implemented on Turnkey basis which includes Engineering, Design, Manufacturing, Supply of materials, Installation, Testing & commissioning and Civil & Electromechanical works as well as the connection of the stations to EWAs Electricity Transmission network. The project implementation period is 18 months from the date of Award of the tender. Bahrain

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