Acwa Power consortium signs water purchase agreement for Jubail 3A IWP
The Saudi Water Partnership Company (SWPC) has signed the water purchase agreement (WPA) with a consortium led by the local Acwa Power for the planned 600,000 cubic metres a day (cm/d) Jubail 3A independent water project (IWP).
The WPA was signed with the Acwa Power-led consortium, which also includes Kuwait’s Gulf Investment Corporation and the local Al-Bawani, on 30 April.
The client had appointed the consortium as preferred bidder on 26 March, a day after opening the commercial bids for the planned IWP. The Acwa Power consortium had submitted the lowest levelised water tariff of SR1.54861 per cubic metre (SR/cm).
A consortium of Japan’s Marubeni Corporation and the local Marafiq had submitted the second lowest tariff of SR1.59961/cm.
The full list of bidders and prices is:
- Acwa Power (local)/ Gulf Investment Corporation (Kuwait)/ Al-Bawani (local), SR1.54861/cm
- Marubeni Corporation (Japan)/ Marafiq (local), SR1.59961/cm
- Aqualia (Spain)/ Haaco (local)/Alfanar (local), SR1.743542/cm
- Utico (UAE), SR1.76518
The project is due to be fully operational by 30 December 2022.
SWPC, which was formerly called Water Electricity Company (WEC), prequalified 10 developers to participate in the tender for the Jubail 3A and the Jubail 3B IWP projects.
The Jubail 3B IWP is planned to have a capacity of 570,000 cm/d, with bids due on 17 May. India’s Synergy Consulting has been appointed as lead and financial adviser for the Jubail 3 A and B projects. UK-based law firm DLA Piper has been appointed as legal adviser and UK-based Atkins is technical adviser for the planned projects.
The Jubail 3 scheme had originally been planned as an independent water and power project (IWPP) with a 1.17 million cm/d desalination capacity and a power component of 3,000MW. However, the client decided to drop the power generation component and proceed with the projects as two separate IWP projects.
Energy & Utilities - Middle East and Africa Market, Outlook Report 2023.
This must-have report for industry players offers a thorough understanding of the latest developments, challenges, and opportunities in the region, supported by data, analysis, and expert insights.
Market Outlook Report 2023
This resource provides insights into business opportunities, trends, and technologies in the MEA energy sector. It covers current and upcoming power projects, new energy initiatives across MENA, investment trends in the African energy scene, and highlights in solar markets, hydrogen, and battery storage.