Latest news with #SaudiWaterPartnershipCo
Argaam
04-03-2025
- Business
- Argaam
SAR 8.5B deals signed with private sector for Jubail-Buraydah IWTP
Abdulrahman Al-Fadhli, Minister of Environment, Water and Agriculture and Chairman of Saudi Water Partnership Co. (SWPC), signed today, March 4, several agreements for the construction of the Jubail-Buraydah independent water transmission pipeline (IWTP) project with a consortium of Aljomaih Energy and Water Co. (JENWA), Nesma Co. Ltd., and Buhur for Investment Co. The project is valued at SAR 8.5 billion, SWPC said in a statement today, March 4. SWPC's CEO Khalid AlQureshi said the project's commercial operation will start in the second quarter of 2029, with a concession agreement term of 35 years from the commencement of commercial operation. The project, according to the top executive, was awarded through a competitive tender under the Build, Own, Operate, and Transfer (BOOT) model. A total of 32 companies, including 14 Saudi firms, participated in the bidding process. This IWTP is seen to boost the Kingdom's water security, ensuring a stable and sustainable supply of drinking water in Qassim and Eastern Province. The pipeline will have a transmission capacity of 650,000 cubic meters per day and will span 587 kilometers in length. It also boasts a reverse flow capability from Al-Shamasiyah Governorate, passing through Al-Qulayib to Jubail at full capacity. Additionally, to ensure a reliable and efficient water supply, the project will feature six strategic storage tanks in Al-Shamasiyah and three in Jubail, with a total storage capacity of 1.63 million cubic meters.
Argaam
05-02-2025
- Business
- Argaam
ACWA Power signs SAR 2.5B water purchase agreement with SWPC
ACWA Power Co. 's 45%-owned subsidiary, Ras Mohaisen First Water Desalination Co., signed today, Feb. 5, a water purchase agreement (WPA) with the Saudi Water Partnership Co. (SWPC). The agreement includes the development, construction, operation, and ownership of a water desalination plant, along with related infrastructure and facilities, including water storage tanks with a capacity of 600,000 cubic meters. In a statement to Tadawul, ACWA Power said the contract is valued at SAR 2.5 billion and will run for 25 years from the start of the plant's full commercial operation. The company expects the financial impact to appear upon the commencement of full commercial operations in Q1 2030. The plant will adopt reverse osmosis technology with a production capacity of up to 300,000 cubic meters per day. It will be located in the western region of Saudi Arabia, approximately 300 km south of Makkah, on the Red Sea coast.
