SWPC receives Bids for Ras Mohaisen IWP

2 April 2024
SWPC receives Bids for Ras Mohaisen IWP

Saudi Water Partnership Company (SWPC) announces the receipt of private sector bids for Ras Mohaisen Independent Water Plant (IWP).

Following consortia has submitted the Proposals:

  • Acciona Company
  • ACWA Power, Haji Abdullah Alireza & Partners Company and AlKifah holding.

Ras Mohaisen IWP will produce 300,000 m3/day of potable water. It will also feature storage tanks with a capacity of 600,000 cubic meters (equivalent to two operating days) and an electrical substation.

The desalination plant will be located in Ras Mohaisen, 300 km south of Makkah, on the coast of the Red Sea in the Western Province of the Kingdom of Saudi Arabia.

Power supply for the project will be facilitated from Saudi Electricity Company’s high voltage network

The developer scope of work includes, development, financing, procurement, implementation, operation and maintenance of the Project.

SWPC will purchase the output and entire capacity of the project, under a Water Purchase Agreement (WPA) for a period of 25 years.

SWPC’s obligations under the WPA will be supported by a credit support agreement from the government of the Kingdom of Saudi Arabia.

SWPC is advised by KPMG Al Fozan & Partners (Lead and Financial Adviser), Eversheds Sutherland (International) LLP (Legal Adviser) and WSP (Technical Adviser).

The Commercial Operation Date of the project is expected to be in Quarter 2, 2028.