Saudi Water Partnership Company (SWPC), formerly known as the Water & Electricity Company (WEC), has announced that six leading utility developer consortia have sent in their proposals for the Yanbu-4 independent water project (IWP).
The desalination plant which is to be built in the western province of Yanbu in Saudi Arabia and that is to use reverse osmosis (RO) seawater desalination technology, will provide up to 450,000 cubic metres per day of drinking water.
According to the company, it has received proposals from the following bidders’ consortia:
- ACWA Power, Gulf Investment Corporation G.S.C, Al-Babtian Contracting Company
- Engie, Mowah Company
- FCC Aqualia, Haji Abdullah Alireza & Co Ltd, Alfanar Company
- Marubeni, Marafiq
- Veolia Middle East, Alkhorayef Group Company, Al Bawani Water & Power Company
As one of the most visionary projects in the kingdom, the company has selected for the advisory role numerous leading global industry experts. Sumitomo Mitsui Banking Corporation DIFC Branch is the lead and financial advisor for the transaction, DLA Piper Middle East the legal advisor and ILF Consulting Engineers the technical advisor.
Once SWPC has selected the winning bidder or developer consortium, the plant will be developed, financed, procured, implemented, operated and maintained by them.
The winning bidder or consortium will be in charge of the development, financing, procurement, implementation, operation and maintenance of the mega-project.
It will also sign a 25-year water purchase agreement, under which the developer or consortium will sell the entire capacity and output to SWPC.