Saudi SWCC announces EOI results for Privatization of Ras Al-Khair

Ras Al-Khair selected as the first asset for privatization as part of the broader privatization of SWCC's production assets

  
Image used for illustrative purpose. Detail of Filtering System in Reverse Osmosis Water Purification Plant

Image used for illustrative purpose. Detail of Filtering System in Reverse Osmosis Water Purification Plant

Getty Images/DenGuy

JEDDAH — The Saline Water Conversion Corporation (SWCC) has published the results of the non-binding Expression Of Interest (EOI) of Ras Al Khair desalination and power plant privatization.

Ras Al-Khair selected as the first asset for privatization as part of the broader privatization of SWCC's production assets, overseen by the Privatization Supervisory Committee for the water sector of Saudi Arabia.

Ras Al-Khair is an operating asset with 1.05m m3/d of water and 2.65 GW of power capacity.

A majority sale envisaged the proposed contractual structure in line with the market standard IWPP/IWP framework in the Kingdom.

A total of 37 EOls received from international and regional strategic and financial players. 

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© The Saudi Gazette 2020


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