Tender issued for Independent water project (IWP) in Saudi Arabia
Saudi Water Partnership Company (SWPC) has launched an expression of interest (EOI) for the development of an independent water project to be designed using reverse osmosis seawater desalination technology. The desalination plant will be located in Rabigh, 180 km northwest of Makkah, on the coast of the Red Sea in the Western Province of the Kingdom of Saudi Arabia. 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 600,000 m3/day potable water capacity and will include the desalination plant and all associated infrastructure and facilities.
The private sector developer will be responsible for the development, financing, procurement, implementation, operation and maintenance of the Project. 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.
SWPC’s professional advisors on the Project are:
- KPMG Professional Services as Lead Advisor and Financial Advisor;
- Eversheds Sutherland (International) LLP as Legal Advisor; and
- WSP as Technical Advisor
The deadline to submit the interest is June 30, 2021. You can find more information about this opportunity on our business opportunities page here.
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