Buhur Weekly Meeting

(15-Jan-2024)
No. subject/Project Res. Description Done Going on
We want to develop our website New/Announcement section. ►We have contacted web-developer and he asked for additional payment. ► offer received from current Web-developer.
►The new IT Support person will handle website Development. ► RFP for Website is under preparation with AS
1 Website AS ►Meeting was done with Web-Developer for Website updates 31-Dec-23

2 Internet Connection AS We required Fiber optic net or Wireless which provides best service ►Abu Sabaie has visited STC for internet service ►Awaiting for testing service from STC

7 Company Registration
8 Strategic Advisor
9 Buhur Monthly Report
10 Office Requirements
MOH/SPPC/Matarat/SWPC/ARAMCO/NCP/Duriya Gate/Red Sea/Neom/Qiddiya ►We have registered with Ministery of Energy. Reminder to FA for registration with Biniya Company
RJ Qiddiya to check for registration
►
Buhur would like to hire strategic advisor ► Synergy Consulting Selected as Strategic Advisor. ►Posponded till Feb-2024
► NDA Signed by Both Parties.
AR
► Agreed with Synergy to start work from Jan-2024
► EL Received
FS General Statement, Bidding, Commentment with Banks, Technical Financial, Table of Content Under Preparation with Engr. Faisal & Engr. Saad
Office requirements ►Office cabinet are installed
►Laptops along with mouse and bags purchase 3 nos. and 4 screens
MD/RJ ►chairs purchase
► 5 microsoft busniess standard email purchased

Future Opportunities in Facility Team to find Facility Management projects with different authories - Rekeep.
11 AR
Management
12 Vacation Planner - 2024 MD Vacation planner for 2024 All Employees has given their vacation plans for years 2024 to HR.
Future Opportunity through Authorities Team to find future opportunity for the floating new projects or projects under bidding
13 Websites/Project Announcement / RJ
Update
Old Projects

2 Al Haer - ISTP 200,000 m3/day Reopen Reopen

Project Cost Summary Project cost summary have been prepared Project cost summary ready to be presented on weekly meeting
AD Employees Salaries cost to project by % percentage (Project % /Corporate %),
Advisors Payments & Project related Expenses
Project Advisors Payments ►6 nos. of invoices for Alderbrook (pending payments issue
3 Juranah resolved)
AD ► 1 invoice for Evoluation Infra.(pending payments issue
resolved)
►All Advisors project invoices has been paid.
AR EL Novation by Marsh EL. All Advisors has signed EL Novations Except Marsh No feedback from Nesma,awaiting Marsh EL.
Going on Projects
Engagement Letters have been received to be reviewed Engagement Letters have been received
KM ► KDB accession letter signed
► 5 Capitals Amendment signed
Project Cost Summary Project cost summary have been prepared Project cost summary ready to be presented on weekly meeting
AD Employees Salaries cost to project by % percentage (Project % /Corporate %), Advisors Payments &
Project related Expenses
Project Advisors Payments ►Invoice from ENEXSA has been reviewed ►1st invoice from convigton is ready to be paid 14,093 USD
2nd Invoice from ENESSA paid. ►Expected CEEC invoice 1st half of Jan-2024 total: 6,203,840 USD
►Invoice from convigton under review without VAT for both projects
►Expected 3rd invoice for siemens by 7th Jan-2024 total : 2,068,800 Euro ►5 Capitals invoice for Qassim site visit (544.69 USD)
without VAT for both projects. - Was reviewed ►5 Captials invoice for Advance Payment & Scoping Report (34,032 USD)
KM Expected to have extension for CEEC for LNTP for 20,367,400 USD pre
project.
►

Financial Documents ►ESRA reviewed ►CTA to be reviewed by financial representitive

►ESRA (equity subscription and retention agreement. ►CP checklist received from Convigton
►CTA (common terms agreement)
►Istarna Ijazara Agreement
1 Taiba & Qassim ►Working Capital Agreement

EBL ►SAIB Bank - Any update from riyadh for ►First Draft for EBL Documents received from DLA Piper, needs to be
►SAB Bank - Communication on going with SAB to get quotation. reviewed by Financial representative.
KM ►On going communication with SAIB to receive their commitment,
expected to receive official feedback by first half of Jan-2024.
►SAIB bank requested latest inhouse financial statement for 2023

Project agreements ►O&M + SHA review done and sent to AEW. ► O&M currently under review by LTA
►O&M Contract ►EIA, SUA & NGSUA review done. ►SHA currently under review from EDF
►Share Holding Agreement ►EIA, SUA, NGSUA received feedback by LLA, and reverted to SPPC
AR ►Electricity Interconnection Agreement
►Site Use Agreement
►National Grid Shared Use Agreement
 Local content plan during construction and O&M phase Local content was sent to SPPC Plan received from AEW and needs to be reviewed
KM

Owner's Engineer ►S&L meeting conducted during last week for clarifcation and adjustment ►We have sent confirmation to AEW that we agree to proceed with S&L.
S&L + EDF Proposals receivecd of the proposal.
KM ►Updated proposal received from S&L today-31-Dec. was reviewed. -
confirmation was sent to AEW for our acceptance to appoint S&L as OE for
design review

RFP Under Review ►Items to be presented for Jubail Buraidah - Technical Presentation
►Agreed among the sponsers that AEW will be the lead subject to SWPC (presentation delayed as per FS)
approval. ►Awaiting confirmation from Nesma on the shares at SPV level.
►Site visit was done on 6th december 2023
►SOQ Submission Files hand over to AR
2 Jubail - Buraidah FS ►Communication Matrix to shared with Engr. Faisal.
►Kick off meeting done

►Bid Submission is pospond by end of Dec-2023, Aramco verbally said it will be reextended.
3 Safaniyah (Aramco) KM
►On hold till agreement with Aljomaih
►1500 MW
4 Khazna Solar IPP ►Bid Submission is in to mid of May-2024
5 Jubail 4 & 6
6 Rumah and Al-Nairyah (SPPC) IPP7,200 MW
Under Study Projects
* To design, build, finance, operate, and maintain Construction Villages (CV) with
populations of up to 10,000 residents accommodated in units (the Units), with
appropriate support facilities (the Facilities) for the duration of the term and, upon
expiry, remove the communities (the Communities) and return the area to its natural
state. The indicative maximum period for mobilization, design, construction, and
completion of the Units from financial close to the scheduled services availability date
is 18 months. From the services availability date, the service period will extend to 31
December 2030 with option 2 to be up to 31 December 2035.
* The DBFOM Contractor will be recovered through collection of accommodation
charges from community occupants. The DBFOM Contractor will be responsible for
the collection and management of the DBFOM Contract revenues from the occupants.
1 Construction Villages (Wave 2) (NEOM)
Safaniyah postponded till March 2024
►SOQ Submitted by 14 November 2023 ►Awaiting for Announcement
►EOI was submitted by Buhur Received draft JDA from AEW
►RFP Released by SWPC
SOQ Under preparation
* Reviewed by the team. Update Old Time Schedule
* Is there any update on the Procurement Schedule mentioned in clause Wating for a decision
2.2 (Time schedule). No updates received yet from Neom.
* It is mentioned that ”From the services availability date, the service
period will extend to 31 December 2030 with option 2 to be up to 31
December 2035” which means that the contract term could be between
4 - 9 years. Please, confirm our understanding? Yes, that understanding
is correct. The previous wave had a term of 7 years. The term of this wave
may be longer.
* It is mentioned that in clause (1.6.3) “The DBFOM Contractor will be
responsible for the collection and management of the DBFOM Contract
revenues from the occupants”, is there any guaranteed minimum
payment, e.g. capacity payment? Yes, there is an availability/capacity
payment concept which is typical for such projects and was also applicable
in wave 1 of this project. The project co. is responsible for collecting
revenues (room rates); however, price/ capacity risk is borne by the
procurer. A net payment will be payable/ receivable by procurer in case of
under/over recovery by the project co.
* In clause (3.5.1) “For any Applicant Equity Member that is an
investment fund, the specific fund must be stated” , is it applicable for
Buhur? If not, please clarify which clause is applicable ? We may expect
that the procurer will ask for financial statements of all the equity members
during the RFP stage.

Overview: * meeting with Aquatreat

2 LTOM-4 Package#4 (Taif)
* 2 STPs with total capacity of 147,000 m3/d: (19-12-2023)
Wadi Al Araj-1 67,000 and Wadi Al Araj-280,000 m3/d * project information have been recived (25-12-2023)
* Existing Treatment: Screening + grit and grease removal, Carousel-Extended biological treatment * Reviewed by the team.
systems with Nitrification / denitrification and secondary settling clarifiers, Sand filtration,
Thickening, Mechanical dewatering
* No Treatment Capacity Upgrade Works are required
* Term: 15 years
* NWC’s obligations under the LTOM Agreement will not be supported by any external credit
support.
* NWC will be responsible for securing the electricity supply requires for the development and
operation of the Plants.
* No land lease agreement is required and NWC shall provide the Project Company with the Site.
* Committed financing: not less than 50% of senior debt
* EBL allowed.
* Success Fee: Allowed but not obliged.
* Bid Bond: 4 Mn SAR for 12 months “Validity period” + 21 days.
* Development Security: 7.5 % of the contract price corresponding to the expected LDs of
Rehabilitation Works for (~40 months)
* Phase 1 - Minimum Rehabilitation Works Requirements: Metering & Monitoring Systems,
Laboratory, Facility Management, Odour and Noise, Disinfection, SCADA System
* Phase 2 - Rehabilitation Works Requirements: Efficiency Enhancement Works, Post Dewatering
Sludge Treatment Facilities, Miscellaneous
* Last date for submission of Bidder’s Letter of Intention Monday, January 1, 2024
* Bid Submission Date Monday, January 8, 2024
 Overview: * meeting with Synergy Consulting NBO extended till 22/01
AMARENCO SOLAR
▪ Formed in 2017 from the merger of Groupe Carré, a French solar developer founded in 2008 and * Reviewed by the team.
Amarenco, an Irish solar investment service company founded in 2013
▪ Global head office is based in Cork, Ireland
The process for submitting a Binding Offer in relation to the Transaction process comprises two
phases:
Phase I – Non-Binding Offer:
You are being invited to submit your Non-Binding Offer for:
a) Acquiring a 100% stake in Seller’s MENA AssetCo comprising of operational assets of 26.2 MW
b) Provide Minimum Equity Rate of Returns (separately for each geography i.e., Egypt, Jordan,
Oman and KSA) for an equity commitment of ~USD 200 MN.
3 SHAMSI c) Acquiring up to 49% stake in Seller’s MENA DevCo (Optional) based on the information shared
with this letter as part of Phase I
Phase II – Due diligence and Binding Offer: After the assessment of the Non-Binding Offers, a select
group of parties will be invited to participate in Phase II

BluSmart Mobility * BluSmart will provide its technology platform and its related technology services * Reviewed by the team.
* BluSmart will setup charging stations/ hubs at relevant locations across the Kingdom and provide
access to charging infrastructure for all cars.
* BluSmart will ensure all chargers are integrated into its tech platform such that drivers can access
these using the app.
* Buhur will secure the requisite local licenses, permits and clearances for starting and operating the
ride-hailing services.
* Buhur will procure or lease out electric vehicles for running the taxi operations, as per an agreed
upon business plan.
4 * Buhur will get the local licenses, permits and registrations with local authorities to procure electric
vehicles, and have the fleet compliant to all transportation norms.
* Buhur will hire driver-partners with valid drivers licenses, and other conditions compliant with
local authorities, as well as BluSmart’s detailed checklist shared in advance.
* Gross number of electric cars operational at year-end
Y1/1000 - Y2/1845 - Y3/2481 - Y4/3337 - Y5/4485

Future Power Projects

1 Kafji IPP – Gas Power Plant 3600 MW
► 3600 MW To be discussed with with AEW regarding deadline.
2 PP 15 IPP – Gas Power Plant ► About to start in April-2024
Future Water Projects
1 Jubail 4 Independent Water Plant 300,000 m3/day
2 Jubail 6 Independent Water Plant 300,000 m3/day
Riyadh - Qassim Independent Water 685,000 m3/day, Length: 1392 km
3
Transmission Pipeline

Al-Ahsa & Eastern Province Independent 4,899,000 m3/day

4
Strategic Water Reservoir

Riyadh East & Khamis Mushait Independent 150,000 m3/day

5
Sewage Treatment Plant
6 Rabigh-5 Independent Water Plant 400,000 m3/day
Future Airport Projects
Contract: BTO, Duration: 25-35 years, Capacity: Year 2030: 8.5 million passengers EOI is being under preparation with AS
1 Abha Int Airport
Year 2053: 13 million passengers, Launch Date: it should launch around Nov 2023
Contract: to be advised, Duration: to be advised, Capacity: 3 million passengers,
2 Hail Int Airport
Launch Date: it should launch around Nov 2023
Contract: to be advised, Duration: to be advised, Capacity: 3 million passengers,
3 Prince Naif Airport Int. (Qassim)
Launch Date: it should launch around Nov 2023
Contract: BTO, Duration: 30 years, Capacity: Year 2030: 4 million passengers Year
4 Taif New Int Airport
2053: 7.4 million passengers, Launch Date: to be advised
Future Healthcare Projects
300 beds
MOH Long Term Care and Skilled Nursing
1
Home (Riyadh & Dammam Clusters)

MOH Rehabilitation (Riyadh & Dammam 150 beds

2
Clusters)

MOH Home Health Care (Riyadh & Dammam 5,000 patients

3
Clusters)
Future Highway Projects
Contract: DBFOM, Duration: 25 + 5 years, Capacity: 136 KM, Launch Date: it should
1 Asir - Jazan Highway launch around Jan 2024
 Contract: BOT, Duration: 26 + 4 years, Capacity: 570 KM, Launch Date: to be advised
2 Jeddah - Jazan Highway

Contract: to be determined, Duration: 26 + years, Capacity: 447 KM, Launch Date: to

3 Yanbu – Jubail Highway
be advised
Contract: Service, Duration: 10 years, Capacity: to be advised, Launch Date: to be
4 Jeddah - Makkah Highway
advise
Future Housing Projects

NOTE: ABBREVATIONS : FA-FAHAD, AR-ARIANNA, SD-SAAD, KM-KARIM, FS-FAISAL, MD-MOHANNED, AD-ALAAEDINE, OM-OMAR, RJ-RAJA, TM-TEAM,
 Next/Action
►Abu Sobaie to contact with anthoer
Web-developer company.

►AR to share RFP with Engr. Saad.

►Format to share with AR

►required finger punch match
►more 1 laptop required

Will be updated by FA
KM to review Local Content and
discuss with Engr. Saad.

Finalize JDA and reviewing the RFP

by Technical Team

AR to communicate