Acwa Power Wins Contract to Develop Saudi Water Desalination Plant

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Acwa Power Wins Contract to Develop Saudi Water Desalination Plant

Saudi Arabia's utility developer Acwa Power won a contract to develop the Rabigh 3 independent water-desalination plant (IWP) located on the kingdom's Red Sea coast.

By Deena Kamel, The National

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The Riyadh-based company submitted the lowest price among five bidders and its consortium with Saudi Brothers Commercial Company was selected to develop the desalination plant, Acwa Power said in a statement on Tuesday.

"Rabigh 3 IWP will deliver potable water at the lowest cost achieved to date for reverse-osmosis while consuming the least amount of power for each cubic meter of water produced," Mohammad Abunayyan, chairman of Acwa Power, said.

Reverse osmosis refers to a water purification technology that uses membranes to separate particles from untreated water.

Acwa Power, the developer of electricity and water projects in the Middle East, Africa and Southeast Asia, was expecting to submit bids for about $4 billion worth of project tenders in the second half of this year. The company counts Saudi sovereign wealth fund, the Public Investment Fund, as a shareholder and has more than $30 billion of assets under management.

Read the full article on The National

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