ACWA POWER Company announces the signing of the Water Purchase Agreement (WPA) for Shuaibah 3 IWP Project located in Shuaibah governorate in Mekkah province in the Kingdom of Saudi Arabia.
The project is valued around SAR 3 billion SAR.
The Project is part of the conversion of the existing Shuaibah 3 IWPP plant into Seawater Reverse Osmosis Plant with a capacity of 600,000 m3/day.
The WPA has been signed between Shuaibah Three Water Desalination Company (SPV between ACWA Power and Badeel Company) and Saudi Water Partnership Company (Offtaker).
The duration of the contract is 25 years.
