Pöyry, an international consulting and engineering company, said it has secured the owner’s engineer services contract from the Saline Water Conversion Corporation (SWCC) for the Shuqaiq Phase 3 Water Transmission System project in Saudi Arabia.
Saudi National Water Company (NWC) has announced its readiness to provide pilgrims at the holy sites with the necessary amounts of desalinated water as part of its preparations to provide relief to worshipers.
Saudi government corporation Saline Water Conversion Corporation (SWCC) is client for the Al Khobar desalination plant, which will be built in Khobar, on the country’s east coast, about 400km from Riyadh. It will also supply water to oil company Aramco.
New projects such as $200-billion 200 GW solar power plant and the $130-million Al Khafji solar-powered water desalination plant would drive Saudi Arabia’s solar panel market to grow at a CAGR (compound annual growth rate) of 30.2 per cent during 2018-24, a report said.
Additionally, in the FY2019 national budget, the Saudi government has allocated $7 billion for the development of renewable energy projects, added the study titled “Saudi Arabia Solar Panel Market (2018-2024)” from 6Wresearch, a global market research and consulting firm.
This is part of the 430 million USD Shoaiba-4 Seawater Reserve Osmosis (SWRO) desalination project, inked between Doosan Vina and Saudi Arabia’s Saline Water Conversion Co. (SWCC). Under the deal, Doosan Vina and Doosan’s subsidiaries will produce some 1,727 tonnes of desalination equipment for the project.
Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has reportedly inked a deal with an international firm for the production of 150,000 cubic meters of potable desalinated water daily through three floating desalination plants established on barges.
Saudi Arabia’s Public Investment Fund (PIF) has acquired a significant stake in the International Company For Water And Power Projects (Acwa Power), a leading developer, owner, and operator of power generation and water desalination plants.
As a result of the investment, PIF will become a 15.2 per cent direct shareholder in Acwa Power and, by taking into account the 9.78 per cent ownership of its wholly-owned subsidiary Sanabil Direct Investments Company, PIF’s total shareholding directly and indirectly represents a 24.98 per cent equity interest in Acwa Power, a statement said.
Samsung Engineering has left a $3bn project to build a 3.1GW oil-fired power and desalination plant in Saudi Arabia after a changed specification led to a “clash of opinions”, says a report.