Saudi Arabia’s Saline Water Conversion Corporation (SWCC) reveals the EOI results for the privatization of the existing Ras Al-Khair unified desalination and power plant.
Total 37 expressions of interest were secured from the international and regional firms:
ACWA Power, Saudi Arabia
Kindasa Water Services, Saudi Arabia
HaJi Abdullah Alireza & Co Ltd, Saudi Arabia
Marafiq, Saudi Arabia
Kansai Electric Power Corporation, Japan
Edra Power Holdings, Malaysia
Lama Holding Company, Saudi Arabia
FAS Energy, Saudi Arabia
Alfanar, Saudi Arabia
Alghanim International, Kuwait
China Power International Holding Ltd, China
NESMA, Saudi Arabia
FCC Aquaila, Spain
Al Bawani Water & Power, Saudi Arabia
Advanced Water Technology, Saudi Arabia
Mubadala Development Company, UAE
Gulf Investment Corporation, Kuwait
Hassana Investment Company, Saudi Arabia
Aberdeen Standard Investments, UK
Tamasuk Holding, Saudi Arabia
Ras al-Khair has been appointed as the first asset for privatization as part of the larger privatization of SWCC’s production assets, which is supervised by the Privatization Supervisory Committee for the water sector of Saudi Arabia. The Ras Al-Khair plant, which start-up production in 2015, has a present operating desalination capacity of 1.05 million cm/d in addition to producing electricity with a capacity of 2,650 MW. The plant utilizes a hybrid-configuration of multi-stage flash thermal desalination and reverse osmosis (RO) membrane technology.
The incoming investor will also have the option to take-over O&M of the plant. SWCC nominative France’s BNP Paribas as the lead and financial adviser for the planned privatization in October 2017. SWCC is also being consultant by Atkins, technical consultant, Ernst & Young, accounting consultant, and Clifford Chance and the local Abuhimed Alsheikh Alhagbani law firm (AS&H) as a legal consultant.