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Saudi Arabia postpones deadline for Ras al-Khair privatisation project

  • Saudi Arabia postpones deadline for Ras al-Khair privatisation project

About the entity

The date to submit bids for the privatisation od the Ras al-Khair plant has been postponed, informs Energy & Utilities. An earlier June 1 date had been postponed to August 1, and has now been extended again, with no new date set.

Earlier this year the Saline Water Conversion Corporation (SWCC) announced the start of the request for proposals (RFP) phase for the Ras Al-Khair (RAK) privatization. Seven companies and consortiums were invited to submit their bids to participate in the project.

The companies and consortia pre-qualified to participate in the bidding process are:

  • Acwa Power (local)
  • China Power International Holding/ Ajlan & Bros Energy Company (local)
  • Engie (France)
  • Jera (Japan)
  • Marubeni Corporation (Japan)
  • NTPC (India)
  • China Huadin Hong Kong (CHDHK)/ Beijing Enterprises Water Group (BEWG) 

The successful bidder will own 60% of the RAK project company and be in charge of management, operation and maintenance.

The Supervisory Committee for Privatization in the Environment, Water and Agriculture sector, with participation of the Ministry of Environment, Water and Agriculture, the National Center for Privatization and the Saudi Water Partnerships Company is overseeing the process of privatisation.

The RAK plant has a desalination capacity of over one million cubic metres per day, one of the largest in the world, and a current value of up to $3.5 billion. It will be the first and largest SWCC asset to be sold.

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