Saudi Water Partnership Company (SWPC), formerly known as Water & Electricity Company (WEC) announces the prices for Yanbu 4 IWP (Independent Water Producer).
Following are the Levelized Water Cost as announced by SWPC:
- Engie, Mowah Company – 1.7446 SAR/Cu.m
- FCC Aqualia ,HAACO , Alfanar – 1.7775 SAR/Cu.m
- ACWA Power , Albabtain , Gulf Investment Corporation– 1.8435 SAR/Cu.m
- Marubeni Corporation, Marafiq – 1.9168 SAR/Cu.m
- Veolia , Alkhorayef , Al Bawani – 2.0242 SAR/Cu.m
The plant will be designed using Reverse Osmosis seawater desalination technology. The expected capacity of desalination plant is 450,000 m3/day.
Yanbu 4 IWP desalination plant will be located near the town of Ar Rayyis (140 km west of Madina), Yanbu region, on the Red Sea coast of the Kingdom of Saudi Arabia.
Earlier, during October 2019, SWPC received a total of Six proposals. Upon technical, commercial evaluations the prices was announced.
Under a concession of 25 years, the project company to be incorporated to develop the Project will sell the entire capacity and output to SWPC under a Water Purchase Agreement (WPA).
For Yanbu 4 IWP, SWPC is being advised by:
- Sumitomo Mitsui Banking Corporation DIFC Branch as Lead and Financial Adviser;
- DLA Piper Middle East LLP as Legal Adviser; and
- ILF Consulting Engineers as Technical Adviser.
SWPC already awarded the Rabigh-3 IWP having plant capacity 600,000 Cu.m per day to ACWA Power Consortium and Shuqaiq-3 IWP having plant capacity 450,000 Cu.m per day to Marubeni Consortium.
Jubail 3A IWP (Plant Capacity 600,000 m3/day) are under evaluation by SWPC.
Jubail 3B IWP (Plant Capacity 570,000 m3/day) is in bidding stage.
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