ACWA POWER Company announces the signing of a water Purchase agreement in Senegal.
| Element List | Explanation |
|---|---|
| Introduction | ACWA POWER Company announces the signing of a water Purchase agreement, with the ministry of Water and sanitation and Senegalese Company of Water (“Sones”) for the construction of 400,000 m3/d desalination plant in Dakar, Senegal, through 2 phases of 200,000 m3/d capacity for each phase. |
| Date of Announcement of the Award | 2024-03-27 Corresponding to 1445-09-17 |
| Contract Subject Matter | Design, financing, construction, operation and maintenance of a Grande Côte seawater desalination plant in Senegal and design and construction of associated infrastructure |
| The Entity with Which the Contract was Signed | 1. Ministry of Water and Sanitation of Senegal
2. Senegalese water Company (Sones) |
| Date of Signing the Contract | 2024-03-27 Corresponding to 1445-09-17 |
| Contract Value | SAR 3,000 million (US $ 800 million) |
| Contract Details | Develop, finance, build and operate the Grand Cote project with a production capacity of 400,000 cubic meters per day using reverse osmosis technology to desalinate seawater. |
| Contract Duration | 32 years. |
| Financial Impact and the Relevant Period | The financial impact of the contracted revenues is expected to materialize after the Commercial Operation Date (PCOD) of the first phase by Q1,2028. |
| Related Parties | NA |
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