King Abdullah Financial District (KAFD)
KAFD is a large government controlled development project being carried out by Rayadah Investment Company.
Rayadah Investment Company (Employer) has awarded the Design Build and Operate Contract for the two District Cooling Plants, each with 50,000 TR Cooling Load, and operate the two district cooling plants for a period of ten (10) years (which may be further extended by mutual agreement between the Employer and the Contractor) to the Consortium between Saudi Tabreed and SNC Lavalin International.
Under the consortium agreement, SNC Lavalin shall be responsible for the Design and Build phase and Saudi Tabreed shall be responsible for the Operation and Maintenance of the plants. The total plant capacity is 100,000 TR and related reticulation network system.
District cooling plants have been operated since 2013 and Saudi Tabreed were responsible for operation and maintenance for 10 years and successfully secured additional 10 years contract with KAFD.
- AREA Riyadh
- AREA TYPE Commercial and Residential
- TERM 10+ Years
- CONTRACT CAPACITY 100,000 TR
- TYPE Design, Build, & Operate
- PROJECT SPONSORS Saudi Tabreed (100%)
- TARIFF Fixed price contract
- OFF-TAKER Customers within the Financial Sector, Economic epicenter of KSA