Saudi Water Partnership Company (SWPC) has invited the qualified companies/consortia to submit their expressions of interest (EOI) for 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 Ras Mohaisen, 300 km south 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 IWP 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.
SWPC intends to conduct a competitive tender process to select a developer (which may be a developer consortium) 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 is advised by KPMG Al Fozan & Partners (Lead and Financial Adviser), Eversheds Sutherland (International) LLP (Legal Adviser) and WSP (Technical Adviser).
Last date to submit the EOI is on 5 November 2020.
