Saudi Arabia’s Saline Water Conversion Corporation (SWCC) announces the expressions of interest (EOI) results for the privatization of the existing Ras Al-Khair (RAK) Integrated desalination and power plant.
A total of 37 EOIs were received from the international and regional firms. Following are the shortlisted firms:
- Marubeni, Japan
- ACWA Power, Saudi Arabia
- Kindasa Water Services, Saudi Arabia
- HaJi Abdullah Alireza & Co Ltd, Saudi Arabia
- Engie, France
- Jera, Japan
- Marafiq, Saudi Arabia
- Sojitz, Japan
- Kansai Electric Power Corporation, Japan
- Edra Power Holdings, Malaysia
- EDF, France
- Metito, UAE
- Lama Holding Company, Saudi Arabia
- FAS Energy, Saudi Arabia
- Alfanar, Saudi Arabia
- Alghanim International, Kuwait
- NTPC, India
- China Power International Holding Ltd, China
- NESMA, Saudi Arabia
- FCC Aquaila, Spain
- Al Bawani Water & Power, Saudi Arabia
- Advanced Water Technology, Saudi Arabia
- Mubadala Development Company, UAE
- Actis, UK
- Gulf Investment Corporation, Kuwait
- Hassana Investment Company, Saudi Arabia
- Aberdeen Standard Investments, UK
- IPM, UK
- Tamasuk Holding, Saudi Arabia
RAK has been selected as the first asset for privatization as part of the larger privatization of SWCC’s production assets, which is overseen by the Privatization Supervisory Committee for the water sector of Saudi Arabia.
The Ras Al-Khair plant, which began production in 2015, has current operating desalination capacity of 1.05 million cubic meters per day in addition to generating electricity with a capacity of 2,650 MW. The plant utilizes a hybrid-configuration of multi-stage flash thermal desalination and reverse osmosis membrane technology.
The incoming investor will also have the option to take-over O&M of the plant.
SWCC appointed France’s BNP Paribas as the lead and financial adviser for the planned privatisation in October 2017. SWCC is also being adviser by Atkins, technical adviser, Ernst & Young, accounting adviser and Clifford Chance and the local Abuhimed Alsheikh Alhagbani law firm (AS&H) as legal advisers.
Read Also: Saudi Arabia invites EOI for Privatization of Ras Al-Khair Integrated Desalination and Power Plant
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