Water rationalisation has been a high priority for the Saudi Arabian Government in recent years as it has repeatedly tried to address the stark imbalance of the country’s water consumption rates compared to its actual availability of resources.
WEC said the project on the Red Sea coast will be powered by the area’s high-voltage network. The agency is set to conduct a “competitive process” to select a single developer or a consortium for the plant’s development, financing, procurement, implementation, operations, and maintenance.
Upon launch, the desalination plant will have a daily potable water capacity of 450,000m3, with the selected project developer to sell its capacity and output to WEC under a water purchase agreement under a concession of 25 years.
President and chief executive officer of Energy Recovery, Chris Gannon, did not reveal additional details of the Saudi clients, but said that the company’s backlog and pipeline at present are the “most significant” in its history, “with activity and awards spanning 2019 and 2020”.
ACWA Power, a developer, owner and operator of power generation and water desalination plants, has announced the completion of the acquisition of certain shares and debt instruments/loan notes owned by Marubeni Corporation in Rabigh Arabian Water & Electricity Company (RAWEC) and certain shares owned by Marubeni in RAWEC’s Operations & Maintenance Company, namely Rabigh Power Company (RPC).
RAWEC is the captive utilities (power, water and steam) provider to Rabigh Refining and Petrochemical Company (Petro Rabigh Corporation), a joint venture formed in 2005 between Sumitomo Chemical, Japan and Saudi Aramco, which owns, operates and manages the Rabigh petrochemical complex.
Saudi Water Forum, organised under the patronage of Minister of Environment, Water, and Agriculture, Eng Abdulrahman bin Abdulmohsin Al-Fadhli, will be held in Riyadh on 17-19 March, 2019 to tackle Saudi Arabia’s and the region’s anticipated water shortages, as well as help the kingdom to secure water resources for the future.
ACWA Power signs final financial agreements for one of the world’s largest SWRO desalination projects in Saudi Arabia – Saudi Arabia
ACWA Power, a leading developer, owner and operator of power generation and water desalination plants, leading a consortium with Saudi Brothers Commercial Company(“SBCC”), announced the successful signing of senior financing and hedging agreements for the SR 2.625 billion (USD 700 million) Rabigh-3 IWP which will generate 600,000 m³/day – making it one of the largest SWRO desalination projects in the world to be built in the Kingdom of Saudi Arabia.
The water purchase agreement was signed on 24th of December 2018 by HE Eng. Abdulrahman bin Abdulmohsen Al-Fadley, Minister of Environment, Water and Agriculture and Chairman of Water & Electricity Company (WEC), as WEC will act as the off taker of the project.
Three photovoltaic farms at Egypt’s 37km² Benban Solar Park have been assembled and are nearing operational readiness, following development completion by Spain’s Acciona Energía and Enara Bahrain, the renewable energy subsidiary of Saudi Arabia’s Swicorp.
Enara and Acciona Energía, the renewable energy subsidiary of Spanish contractor Acciona,will operate the parks under a joint venture (JV) agreement. Both firms will hold 50% stake in the projects, valued at $180m (SAR675m).
Saudi Arabia’s Acwa Power, a leader in power and desalination water plants, has signed a global cooperation agreement with Huawei at the recent Sino-Saudi Investment Forum in Beijing to develop the photovoltaic (PV) market.
The two firms will apply cutting-edge technologies such as artificial intelligence, big data, and cloud computing to PV plant projects to promote the industry’s progress with technological innovation.
Saudi-based Acwa Power has signed deals with Chinese entities, Silk Road Fund and Huawei, to lay the ground for collaboration in further investments and technological advancements of power generation and water desalination plants being developed and operated by the Saudi group.