Saudi Water Partnership Company, formerly known as Water & Electricity Company (WEC) signed the project contract for Yanbu 4 IWP (Independent Water Producer) project.
His Excellency the Minister of Environment, Water and Agriculture, & Chairman of the Board Directors of Saudi Water Partnership Company Eng. Abdulrahman bin Abdulmohsen AlFadley signed the Project contracts with the consortium include of France’s Engie and Saudi Arabia’s Mowah Company.
Earlier this month, SWPC appointed the preferred bidder for Yanbu-4 IWP. Engie and Mowah Company’s Consortium submitted the minimum price of SAR 1.7446/Cu.m.
South Korea based Doosan Heavy Industries will be the EPC contractor for Yanbu-4 IWP.
The Consortium Scope of Works associated development, design, financing, construction, commissioning, operation, and maintenance of Yanbu-4 IWP of 450,000 m3/day.
Yanbu 4 IWP desalination plant will be located close to the town of Ar Rayyis (140 km west of Madina), Yanbu region, on the Red Sea coast of the Kingdom of Saudi Arabia.
Once the project commissioned, it will feed Makkah and Madinah regions with potable water. The Project will comprise two days of storage tanks as well as solar power to reduce the power consumption from the network.
Under a concession of 25 years, the project company to be incorporated to develop the Project will sell the whole capacity and output to SWPC under a Water Purchase Agreement.
The commercial operation of the project is expected to be in the first quarter of 2023.
For Yanbu 4 IWP, SWPC is being advised by:
- Sumitomo Mitsui Banking Corporation DIFC Branch as Lead and Financial Adviser;
- DLA Piper Middle East LLP as Legal Adviser; and
- ILF Consulting Engineers as Technical Adviser.
SWPC already assigned Rabigh-3 IWP having a plant capacity 600,000 Cu.m/day to ACWA Power Consortium and Shuqaiq-3 IWP having a plant capacity 450,000 Cu.m/day to Marubeni Consortium.
Jubail 3A IWP (Plant Capacity 600,000 m3/day) is under evaluation by SWPC.
Jubail 3B IWP (Plant Capacity 570,000 m3/day) is in bidding stage.