KSA’s SWPC achieves financial close for Jubail-3(B) desal plant – MEP MiddleEast
- Date: 20-Oct-2021
- Source: MEP Middle East
- Sector:Financial Markets
- Country:Saudi Arabia
KSA’s SWPC achieves financial close for Jubail-3(B) desal plant – MEP MiddleEast
The Saudi Water Partnerships Company (SWPC) — in partnership with Saudi Arabia’s Supervisory Committee for the Privatisation of the Environment, Water, and Agriculture Sector, and in cooperation with the project’s developers and consultants — has achieved financial closure for the Jubail-3 (B) Independent Water Producer (IWP) Desalination Plant project.
The project has a production capacity of 570,000m3 per day, and costs more than $693mn (SAR2.6bn) to be built and operated by the private sector for a period of 25 years from the date of commercial operation.
The winning consortium responsible for the project consists of ENGIE, Nesma, and Al-Ajlan.
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