Saudi Arabia's Neom, through its subsidiary Enowa, is expected to issue the request for qualifications (RFQ) for a contract to develop and operate the first phase of the development's planned pumped hydropower storage (PHS) network in the second quarter of 2024.  The client received expressions of interest to bid for the project from developers and contractors in January.  Neom has approached developers and investors to discuss the development of a pumped hydropower storage project, which will be developed using an independent power producer (IPP) model. The planned first phase of Neom's PHS project will have an installed capacity of 2,200MW and a storage capacity of 23.1 gigawatt-hours (GWh) or roughly 11 hours. It will be developed using a build-own-operate-transfer (BOOT) model that is expected to cover 40 years, excluding the construction period. The expected capital expenditure for the project is $2.7bn. The overall infrastructure will entail the development of four pumped hydropower storage stations in Neom. The planned schemes will form the backbone of an energy storage infrastructure at the $500bn development. The UK-based HSBC and the US-based White & Case are advising the client on the scheme. The pumped hydropower storage IPP project will complement Neom's planned multi-gigawatt renewable energy infrastructure, in line with its vision to be powered 100% by renewable energy by 2030.     For registration as supplier:  https://www.neom.com/en-us/our-business/suppliers (ICE RIYADH)

Fonte notizia: meed