Saudi Water Partnership Company (SWPC) revealed on Monday that it has received bids for the Ras Mohaisen Independent Water Plant (IWP).
Located 300 kilometers south of Makkah on the Red Sea coastline within Saudi Arabia's Western Province, the facility is expected to generate 300,000 cubic meters of drinkable water daily.
The plant will also be equipped with storage tanks capable of holding 600,000 cubic meters (equivalent to two days of operation) and an electrical power substation.
Proposals for the project have been tendered by ACCIONA and a consortium comprising ACWA Power, Haji Abdullah Alireza & Partners Company, and AlKifah Holding.
The developer's responsibilities span the project's entire lifecycle: from development and financing to procurement, implementation, operation, and maintenance.
Under a 25-year Water Purchase Agreement (WPA), SWPC will secure the project's output and capacity and commercial operations are expected to begin during the second quarter of 2028.
To bolster SWPC's commitments under the WPA, the Saudi Arabian government will provide a credit support agreement.
KPMG Al Fozan & Partners leads as the financial adviser to SWPC, supported by Eversheds Sutherland (International) LLP for legal counsel and WSP for technical advisory services.
