WEC Issues Request for Expressions of Interest for Shuqaiq Phase 3 AND Yanbu Phase 4 Independent Water Projects

The Rabigh-3 IWP Plant will be located  ü south of Rabigh, on the Red Sea Coast, approximately 150 km north of Jeddah. Its Planned Capacity is 600,000 m3/day of Desalinated Water. The Plant is designed using Reverse Osmosis seawater desalination technology to produce the potable water.

 

رابغWEC initiated a competitive process to select a developer or developer consortium for the development, financing, procurement, implementation, operation and maintenance of a desalination plant of 600,000 m3/day; expandable to 1,200,000 m3/day net of potable water capacity, together with associated infrastructure and facilities. Under a concession of 25 years, the project company to be incorporated to develop the Project will sell their entire capacity and output to WEC under a Water Purchase Agreement (“WPA”). WEC’s obligations under the WPA will be supported by a payment guarantee from the Government of the Kingdom of Saudi Arabia.

 

WEC is being advised by:

  • Banque Saudi Fransi as Lead and Financial Adviser;

  • Alderbook Finance as Co-Financial Adviser;

  • DLA Piper Middle East LLP as Legal Adviser; and

  • Fichnter GmbH & Co. KG as Technical Adviser

 



Update