WEC launches EOI for new Saudi IWP

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
WEC launches EOI for new Saudi IWP

Saudi Arabian authority Water & Electricity (WEC) has invited expressions of interest (EOI) in respect of the potential development of an Independent Water Project (IWP) to be designed using Reverse Osmosis seawater desalination technology.

The desalination plant will be located in Rabigh area (150 km North of Jeddah), in the western region of the country and power supply will be facilitated from the high voltage network. The plant is the first in a new wave of IWPs for the country.

WEC will conduct a competitive process to select a developer for the development, financing, procurement, implementation, operation and maintenance of a desalination plant of 600,000 m3/day; expandable to 1,200,000 m3/day net of potable water capacity, together with associated infrastructure and facilities.

Under a concession of 25 years, the project company to be incorporated to develop the project will sell their entire capacity and output to WEC under a Water Purchase Agreement (WPA). WEC’s obligations under the WPA will be supported by a payment guarantee from the Government of Saudi Arabia.

Interested parties should express their interest to participate in the procurement process by no later than 21 August. Further information is available here.

WEC is being advised by:

  • Banque Saudi Fransi as Lead and Financial Adviser;
  • Alderbook Finance as Co-Financial Adviser;
  • DLA Piper Middle East LLP as Legal Adviser; and
  • Fichtner GmbH & Co. KG as Technical Adviser.
List of country news

Country news

  • April 25, 2017

    Saudi Arabia awards Taif, Qassim and Haif airport PPPs

    Arabia Saudi's General Authority of Civil Aviation (GACA) has announced that the development and operation of Taif, Qassim and Hail airports will be entrusted to consortiums of national and global companies.

    Read more
  • January 24, 2017

    Saudi Arabia hires HSBC and King & Spalding for school PPPs

    Saudi Arabia has plans to privatize construction and management of school buildings and has hired HSBC as financial advisor for them.

    Read more
  • December 20, 2016

    Saudi Arabia hires advisors for PPP power and water PPP

    A consultancy team have been taken on to advise on two privately owned desalination projects that could kick off the Saudi's recently announced privatization blitz.

    Read more
  • May 23, 2016

    Saudi Arabia to privatize to 11 airports

    According to sources, an executive from Saudi Arabia's General Authority for Civil Aviation (GACA) has announced that the country has plans to privatize 11 airports by 2020. Read more
  • January 12, 2016

    Saudi Arabia announces schedule for airport privatization programme

    Saudi Arabia, through the General Authority of Civil Aviation (GACA), has announced plans to begin an airport privatization programme in the first quarter of 2016. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.