The US$ 650mn Jubail 3A IWP will produce 600,000 cbm of potable water/day
A consortium led by ACWA Power including Gulf Investment Corporation (GIC) and AlBawani Water & Power Company (Albawani) recently announced the signing of a water purchase agreement with the Saudi Water Partnership Company (SWPC) for a greenfield sea water reverse osmosis desalination project in Jubail, KSA.
The Jubail 3A Independent Water Plant (IWP) will have an investment value of US$ $650mn and a capacity of 600,000 cbm of potable water/day, greatly contributing to Saudi efforts to ensure water security.
The 25-year agreement was signed with Abdulrahman Abdulmohsen A. AlFadley, Minister of Environment, Water and Agriculture and Chairman of the Board Directors of SWPC.
Under the terms of the partnership, the consortium led by ACWA Power will design, construct, commission, operate and maintain the desalination plant as well as associated potable water storage and electrical special facilities.
“In alignment with our mission to ensure adequate water production capacity for the Kingdom of Saudi Arabia, we are keen to work closely with ACWA Power, a Saudi company with international expertise, as our trusted partner,” said Khaled Al Qureshi, CEO, Saudi Water Partnership Company.
“We continue to contribute strongly to the Kingdom’s National Water Strategy 2030 and Vision 2030 by utilizing our considerable global expertise to provide solutions that best support national interests,” remarked Paddy Padmanathan, Chief Executive Officer, ACWA Power.
“This project will continue to increase the efficiency of the sector with private developers using up to date technology and good utility practice at a very economical price,” commented Meshary Al-Judaimi, Group Head-Principal Investments, GIC.
The Engineering Procurement Construction contract has been awarded to a consortium consisting of Power China, SEPCO-III and Abengoa.
