Saudi’s SWPC announced on Monday that it has received two bids for 300,000 m3/day Ras Mohaisen Independent Water Plant (IWP) project.

The bids were submitted by:

  • Spain’s Acciona 
  • Saudi consortium of ACWA Power, Haji Abdullah Alireza & Partners Company and AlKifah holding.

Ras Mohaisen IWP, located 300km south of Makkah on the Red Sea coast in the Western Province, includes storage tanks with a capacity of 600,000 m3, equivalent to two operating days, and an electrical substation, SWPC said in a press statement. 

The statement didn’t disclose the levelised tariffs submitted but said the Commercial Operation Date (COD) of the project is expected to be in the second quarter of 2028.

The Request for Proposals (RFP) for Ras Mohaisen IWP was issued in December 2022. The planned Commercial Operation Date (COD) was third quarter of 2026.

SWPC issued the list of prequalified bidders for the project in March 2021. It comprised:
1 Acciona Agua
2 ACWA Power
3 Cobra Instalaciones Y Servicios
4 FCC Aqualia
5 Kahrabel FZE
6 Malakoff International Limited and Kindasa Water Services Company Limited
7 Marubeni
8 Power and Water Utility Company for Jubail and Yanbu (Marafiq) and Alfanar Company
9 Rawafid Al Hadara Holding Co
10 Utico and Mowah Company

The Request for Qualification (RFQ) was issued in December 2020, while the Expression of Interest (EOI) invite was issued in October 2020. KPMG Al Fozan & Partners was desginated the lead and financial advisor, Eversheds Sutherland (International) as the Legal Advisor and WSP as the Technical Advisor for the project.

The successful bidder, through a project company to be incorporated, would develop the project and sell the entire capacity and output to SWPC under a 25 year concession pursuant to a Water Purchase Agreement (WPA), according to the EOI press statement issued by SWPC.

(Editing by Anoop Menon) (anoop.menon@lseg.com)

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