Saudi Water Partnership Company S.M.L.L.C (SWPC) has launched the request for expressions of interest (EOI) seeking a private developer for the development of an Independent Water Project (IWP) to be designed using Reverse Osmosis seawater desalination technology. The project will be procured under design, construction, finance, operation and maintenance model.  

The desalination plant will be located in Ras Mohaisen, 300 km south of Makkah, on the coast of the Red Sea in the Western Province of the Kingdom of Saudi Arabia. The power supply to the Project will be provided from the Saudi Electricity Company’s high voltage network.

The Project is to be constructed with a 300,000 m3/day potable water capacity and will include the desalination plant and all associated infrastructure and facilities.

The successful bidder, through a project company to be incorporated, would develop the Project and sell the entire capacity and output to SWPC under a 25 year concession pursuant to a Water Purchase Agreement (WPA). SWPC’s obligations under the WPA will be supported by a credit support agreement from the government of the Kingdom of Saudi Arabia.

The advisors on the Project are:

• KPMG Al Fozan & Partners as Lead Advisor and Financial Advisor;
• Eversheds Sutherland (International) LLP as Legal Advisor; an
• WSP as Technical Advisor.

The deadline to submit the expressions of interest is on November 5, 2020. To see more details on this EOI go out business opportunity page here.