Saudi

ACWA Power Signs Strategic Agreements With Three Chinese Entities During the Second Belt and Road Forum – Saudi Arabia

ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants has signed strategic agreements with three renowned Chinese entities on the sidelines of the second Belt and Road Forum for International Cooperation (BRF).

The agreements with PowerChina, China Gezhouba Group Company (CGGC) and Bank of China will lay the ground for collaboration in key investments and further involve Chinese expertise in manufacturing power generation and desalinated water production plants that ACWA Power develops and operates.

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Gulf Consortium Signs Solar PV Power Project Agreements in Oman – Oman

A consortium composed of Saudi Arabia-based utility developer ACWA Power, Kuwait’s Gulf Investment Corporation (GIC) and Alternative Energy Projects Company (AEPCo) signed a contract and agreements with the Oman Power and Water Procurement Company (OPWP) to develop a 500-megawatt solar PV power plant in Ibri, Oman.

It will be developed on a BOO (build, own, operate) basis, which includes the development, finance, construction and operation of the solar power plant.

The project, dubbed Ibri-2 Independent Power Producer (IPP), will be the first utility-scale solar power project in Oman and will utilize Solar PV technology to yield 500MWac of power.

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Why Saudi Aramco sees shale gas as next energy bonanza – Saudi Arabia

The world’s biggest oil exporter is ramping up efforts to develop natural gas with plans for a 15-fold boost in output from unconventional deposits of the fuel.

Saudi Aramco is building facilities to tap shale gas in the kingdom’s oil-rich eastern region and is making “a lot of progress” toward this goal, CEO Amin Nasser told reporters in Dammam, Saudi Arabia. Plans include a plant to desalinate seawater that Aramco can then inject underground to frack for gas.

“We are looking to take our unconventional gas within the next 10 years to 3 billion standard cubic feet a day of sales gas,” Nasser said on Sunday.

Aramco currently produces more than 190 million cubic feet of unconventional gas daily, all of it in the remote north.

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Saudi Arabia turns up temperature on water reduction plans – Saudi Arabia

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.

Saudi Arabia is one of the world’s driest countries, but at the same time it’s the world’s third largest per capita consumer of water after the United States and Canada.

Attempts to boost reserves while cutting consumption have long been on the agenda in response to this perennial problem that affects most Middle Eastern nations.

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Saudi Arabia invites EOIs for Yanbu 4 water desal project near Makkah – Saudi Arabia

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.

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American group wins $9m Saudi Arabia water desalination contracts – Saudi Arabia

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”.

Energy Recovery’s PX Q300 Pressure Exchanger units will be shipped to Saudi Arabia in Q2 2019, and are expected to reduce power consumption at all desalination facilities by 54.3 megawatts. 

In total, the devices will save at least 469 gigawatt-hours (GWh) of energy at the desalination facilities, which produce 380,000m3 of water per day.

The production capacity is the equivalent of “filling more than 150 Olympic-sized swimming pools”, the company said in a statement.

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ACWA Power consolidates its stake in RAWEC – Saudi Arabia

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.

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Saudi’s Acwa Power plans $3bn investment in Egypt – Egypt

Saudi-based Acwa Power, a major developer of power and water desalination projects, is set to invest around $3 billion in Egypt’s electricity projects during this year.  

The utility developer has collaborated with Hassan Allam Holding Company to establish a 2.3-megawatt power plant in Luxor.   

The power plant, being built at a cost of $2.3 billion, is expected to start the Phase One of the operation in the summer of 2022 and the full commercial operation in the summer of 2023.   

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Saudi Arabia to change behaviours and cut water consumption by 2030 – Saudi Arabia

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.

As the forum’s website explains, Saudi Arabia’s per capita water consumption is among the world’s highest, which “is in conflict with the environmental conditions of the kingdom”. 

Saudi’s average water consumption is 263 litres per capita each day, and the kingdom aims to reduce this to 200 litres by 2020, and 150 litres by 2030. 

(LINK).

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.

(LINK).

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