Saudi Water Partnership Company (SWPC), formerly known as Water & Electricity Company (WEC) announces the appointment of preferred bidder for Yanbu 4 IWP (Independent Water Producer) project.
SWPC appointed the consortium comprising France’s Engie and Saudi Arabia’s Mowah Company as the Preferred Bidder.
Earlier today, SWPC announces the Prices for Levelized Water Cost. Engie and Mowah Company Consortium submitted the lowest price of SAR 1.7446/Cu.m.
The Consortium Scope of Works involves development, design, financing, construction, commissioning, operation and maintenance of Yanbu-4 IWP of 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.
Once project comissioined, it will feed Makkah and Madinah regions with potable water. The Project will include two days storage tanks as well as solar power to reduce the power consumption from the network.
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) is under evaluation by SWPC.
Jubail 3B IWP (Plant Capacity 570,000 m3/day) is in bidding stage.
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