Saudi Arabia's Water & Electricity (WEC) said a total of 43 leading utility developers or developer consortiums from across the globe have submitted bids for the development of an independent water and power project (IWPP) coming up at an area 18 km south of the Jubail Industrial City on the Arabian Gulf Coast.

The list includes global industry giants General Electric Company (US); Engie, Veolia and EDF (France); Acciona Agua, Cobra and Abengoa (Spain); Mitsubishi, Sumitomo, Mitsui and Marubeni (Japan) besides Chinese consortiums led by Harbour Engineering Arabia Company and JSG, Korea's Kepco and Indian utility group Nutek, said senior WEC officials.

Regional heavyweights including Acwa Power, Kuwait-based Gulf Investment Corporation (GIC) are also in the fray besides UAE's MDC Power Holding Company and 10 major Saudi companies, revealed the officials.

The new plant will be located adjacent to the existing plant units (Jubail Phase 1, Jubail Phase 2 and Jubail RO plants), in the Eastern Province of Saudi Arabia.

As per the contract, WEC will conduct a competitive process to select a developer or developer consortium for the development, financing, engineering, procurement, construction, implementation, operation and maintenance of the plant which will have a capacity of 1.17 million cu m/day of potable water consisting of 60 per cent reverse osmosis and 40 per cent thermal desalination technology, respectively.

The project will also include a 3,000 MW of power plant, together with associated infrastructure and facilities.

The project company to be incorporated to develop the project will sell its entire power and desalinated water capacity and output to WEC under a power and water purchase agreement (PWPA). It will have the concession for 25 years, the officials stated.

WEC’s obligations under the PWPA will be supported by a credit support agreement from the Government of Saudi Arabia, they added.-TradeArabia News Service

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