Deal with Saline Water Conversion Corporation worth US$ 203mn
Saudi Arabia’s Bahri has signed a 20-year agreement, valued at SAR 760 million (US$ 203mn) with Saline Water Conversion Corporation (SWCC), a Saudi Government Corporation responsible for the desalination of seawater, producing electric power, and supplying various regions in the Kingdom with desalinated water, to transport desalinated water from the floating stations to desalination tanks.
The agreement includes establishing three floating stations to desalinate water and the transfer of desalinated water from the stations to desalination tanks. Each station will have a capacity of 50,000 cubic meters per day with a total capacity of 150,000 cubic meters a day.
The project will be operational for 20 years, starting from the date of commercial operation, which is expected to be in the fourth quarter of 2020.
“With this agreement, we aim to support our partner to meet rising demand for water and electricity, thereby serving the needs of businesses and communities in the Kingdom,” remarked Abdullah Aldubaikhi, CEO, Bahri.
The new contract follows an agreement signed between Bahri and Saline Water Conversion Corporation earlier this year that sets a fixed price on a five-year term for the shipment of spare parts needed at desalination plants in the Kingdom’s Eastern and Western coasts.
The company owns a fleet of 89 vessels and is the world’s largest owner and operator of Very Large Crude Carriers (VLCCs) as well as the largest owner and operator of chemical tankers in the Middle East.
