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APPENDIX 12-Risk Register

The monthly report for the Saudi Arabia Qassim1 1800MV CCGT Independent Power Project highlights several risks, including shipping disruptions due to the Red Sea crisis, localization targets, back energization deadlines, interface issues, and construction duration challenges. Proposed actions include establishing procurement pathways, employing knowledgeable expatriates, maintaining communication with stakeholders, and optimizing building designs. Overall, the project faces high likelihood risks that require careful management and timely actions to mitigate impacts.

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47 views1 page

APPENDIX 12-Risk Register

The monthly report for the Saudi Arabia Qassim1 1800MV CCGT Independent Power Project highlights several risks, including shipping disruptions due to the Red Sea crisis, localization targets, back energization deadlines, interface issues, and construction duration challenges. Proposed actions include establishing procurement pathways, employing knowledgeable expatriates, maintaining communication with stakeholders, and optimizing building designs. Overall, the project faces high likelihood risks that require careful management and timely actions to mitigate impacts.

Uploaded by

sunil sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Monthly Report –28-Feb-24

Project Name: Saudi Arabia Qassim1 1800MV CCGT Independent Power Project

Probability of
S/N Category Description Stakeholder Area of Concern Impact Proposed Actions and Control Measures
Occurrence

1.00 Project Risks

Due to the current unstable situation in the Red Sea, several major
shipping companies have suspended their routes to the Red Sea, which The shipping market price is still affected by the Red Sea crisis, but the overall price is showing a slight downward trend. A small batch of
1.1 Risk of red sea High (Likely) High (Likely)
may affect the shipping materials/equipment of our project and lead to tenders have been conducted for the pre-embedded parts, and the overall project bidding is planned to be completed in November.
an increase in costs

In accordance with the localization ratio target (12.70%) and the mandatory procurement list in the EPC contract, establish clear
The localization target is 12.70%, excluding the GE portion. Contractors
1.2 localization High (Likely) High (Likely) procurement pathways for both domestic and overseas purchases and integrate them into the planning management work.
are expected to achieve this localization target by the end of the project.
Employ expatriates familiar with local measurement practices to calculate the localization completion ratio on a monthly basis.

Currently our major concern is that ESF back energization date could not
meet the contract requiement (ready by end of 2025). we had done
1.3 Back energization High (Likely) High (Likely) TBD
several ESF(GIS type) work in Saudi. Normally it would take 23-24 months
from commence the work （NTP).

The issues concerning the interfaces of external connections for


electricity, gas, raw water, and booster stations are affecting the project's
1.4 Interfaces of external schematic design, subsequently impacting procurement and construction High (Likely) High (Likely) Keep communication with the owner and designer.
activities.

The construction period of the electrical control building from foundation


to delivery is only 8 months. For a three-story structure, based on past
1.5 Electric control building duration risk experience, it is relatively difficult to achieve. High (Likely) High (Likely) It has been optimized to a 2-story design and we will continue to follow up on the design and produce excavation drawings in advance.

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