29-Jan-2019: The Minister of Environment, Water and Agriculture, Chairman of the Board of Directors of Water and Electricity Company (WEC), Abdulrahman bin Abdul Mohsen Al Fadley, signed the agreement of Shuqaiq-3 Independent Water Plant with the winning consortium of Marubeni Corporation, Acciona Agua S.A., Abdul Latif Jameel Commercial Development Company and Rawafid Alhadarah Holding Co. on Tuesday 29 January 2019. The Consortium was submitted lowest price of 1.9521 SAR/cu.m out of a total six (6) Consortiums Earlier during December 2018, WEC announced that it has appointed The consortium include Marubeni Corporation, Abdul Latif Jameel Commercial Development Company, Acciona Agua SA, and Rawafid Alhadarah Holding Company as the Preferred Bidder for the development, design, financing, construction, commissioning, operation and maintenance of the Shuqaiq 3 desalination plant of 450,000 m3/day and the development, design, financing, construction, commissioning and transfer of the involved Electrical Special Facilities. The Shuqaiq-3 IWP Plant will be situated in the city of Shuqaiq, on the Red Sea coast, approx 137 km north of Jazan, Southern region of Saudi Arabia. The Plant is designed using Reverse Osmosis (RO) seawater desalination technology to produce the potable water. WEC is being advised by:
- Sumitomo Mitsui Banking Corporation (DIFC Branch) as Lead and Financial Adviser
- DLA Piper Saudi Arabia as Legal Adviser; and
- ILF-Tecon & Partners Engineering PSC as Technical Adviser.