| Element List |
Explanation |
| Introduction |
ACWA Power Co. announces signing a water purchase agreement (WPA) between Rawabi Water Desalination Company, the project company partly owned by ACWA Power Co., and the Saudi Water Partnership Company for the development, construction, operation and ownership of a water desalination plant using reverse osmosis technology with a capacity of up to 600,000 m³/day and associated infrastructure and facilities including potable water tanks with a capacity of 1,200,000 m³. These facilities will be located in the Western Province of the Kingdom of Saudi Arabia 180 km north of Jeddah, and south of Rabigh city, on the coast of the Red Sea. |
| Date of Announcement of the Award |
2023-04-12 Corresponding to 1444-09-21 |
| Contract Subject Matter |
Water Purchase Agreement |
| Date of Signing the Contract |
2023-04-12 Corresponding to 1444-09-21 |
| Contract Value |
SAR 2.54 billion |
| Contract Details |
Development, construction, operation and ownership of a water desalination plant and potable water storage facilities. |
| Contract Duration |
25 years |
| Financial Impact and the Relevant Period |
The financial impact of the contracted revenues is expected to materialize when the facilities become commercially available expected currently in 2026. |
| Related Parties |
NA |
| Additional Information |
The facilities are strategic to the Kingdom of Saudi Arabia as they will deliver and manage potable water services for the Western Province. |
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