Saudi’s SWPC announces financial close of three sewage treatment projects
- Date: 04-Mar-2022
- Source: Zawya
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi’s SWPC announces financial close of three sewage treatment projects
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Saudi Water Partnerships Company (SWPC), the main off-taker for independent water and water projects in Saudi Arabia, announced on Thursday the financial close of Madinah-3, Buraydah-2, and Tabuk-2 Independent Sewage Treatment Plant (ISTP) projects.
In September 2021, the Spanish-Saudi consortium of Acciona Agua, Tawzea, and Tamasuk was awarded the three ISTPs on Build, Own, Operate, and Transfer (BOOT) basis for a 25-year period.
The consortium had submitted levelised cost tariff of 1.2157 riyal/m3 for Madinah-3, and 1.4395 riyal/m3 for Buraydah-2 and Tabuk-2 ISTPs, according to a August 2021 report by Zawya Projects.
SWPC said in separate press statements that for the 90,000 cubic metres per day (m3/day) Tabuk-2, the total cost is 550 million Saudi riyals ($147 million); for the 200,000 m3/day (expandable to 375,000 m3/day) Madinah-3 ISTP, the total cost is 900 million riyals ($240 million), and for Buraydah-2, with a capacity of 150,000 m3 per day, the cost is 845 million riyals ($225 million),
In September 2021, consortium member Acciona had said that the contracts were worth a combined $1 billion (€855 million).
Acciona said the consortium would also build 23 kilometres of recycled water collectors for irrigation, three storage tanks, and pumping stations for Madinah-3 ISTP; 34 kilometres of recycled water collectors