The Riyadh-based company submitted the lowest price among five bidders and its consortium with Saudi Brothers Commercial Company was selected to develop the desalination plant, Acwa Power said in a statement on Tuesday.
Emirates Global Aluminium, Mubadala Investment Company and Dubal Holding will develop a power generation facility and water desalination plant worth more than Dh1 billion ($272.3 million) at EGA’s aluminium smelting facility in Jebel Ali.
Mubadala and Dubal Holding agreed to form a joint venture to develop the new facility, according to a joint statement on Tuesday. EGA will buy power from the new JV for 25 years once the facilities are operational.
Saudi Arabia intends to offer water and farming projects worth around 36 billion Saudi riyals ($9.6 billion) to investors in the first quarter of 2019, a newspaper in the world’s largest oil exporter reported on Sunday.
The Environment, Water and Agriculture Ministry will issue tenders for the projects as part of plans to expand desalinated water and farming production in the Gulf kingdom, the Arabic language daily Aleqtisadia said.
Kuwait Fund for Arab Economic Development (KFAED) said it has signed a deal with Egyptian government to provide funding worth KD15 million ($50 million) for the construction of four water desalination plants in South Sinai region of the country.
Climate change is happening and it is wreaking havoc by increasing temperatures, leading to salinity intrusion and floods. According to a report of Belgium’s Asian Infrastructure Engineering and Investment Company (AIEI), the total damage from salinity intrusion during the dry season and flood during the rainy season are estimated to reach 30 per cent of the total output of rice, vegetables, fruits, trees, and shrimp in 2050, equivalent to around VND3.6-12 trillion ($156.5-521.7 million).
Especially, over the last years, impoverished areas in coastal and south-central provinces have been facing salinisation, which is impacting production and life. Salinisation has entered about 35-40 kilometres into the Mekong River Delta, with the salinity level at around 14.6-31.2 grammes per litre, and especially, the Tien River has been salinised 90km inwards from the coast.
By using the best technology, sound management practices, public participation, and a balanced approach to human and environmental needs, Sweet-water Authority—known locally as the Authority—provides its customers clean, safe water from local water supplies.