ACWA Power announces that it has received from the Saudi Water Partnerships Company a commercial operation certificate for the Jazlah Water Desalination Company.
- Date: 09-Apr-2023
- Source: Mubasher
- Sector:Industrial
- Country:Saudi Arabia
ACWA Power announces that it has received from the Saudi Water Partnerships Company a commercial operation certificate for the Jazlah Water Desalination Company.
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|Announcement Detail|| ACWA Power announces that it has received from the Saudi Water Partnerships Company the commercial operation certificate for the Jazlah Water Desalination Company located in Jubail, Saudi Arabia, where the project operates with a capacity of 600,000 cubic meters per day of desalinated water. ACWA Power owns a 40.2% stake in the Jazlah Water Desalination Company. The financial impact is expected to be reflected during Q2 2023.
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It is worth noting that the Jazlah Desalination Company project is the first project to be launched by the Saudi Water Partnerships Company in the eastern region, as the project contains four water tanks with a capacity of 600,000 cubic meters. Furthermore, the project has successful capitalized on local content with nearly 850 million Saudi riyals injected in the national economy. This comes to enhance the role of the private sector in developing local content and contribute more effectively to achieving the development goals of the Kingdom’s Vision 2030.
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