ACWA Power to Develop $677 Mln Desalination Project in Saudi Arabia

ACWA Power to Develop $677 Mln Desalination Project in Saudi Arabia

ACWA Power has signed water purchase agreements for the 600,000 cubic meter per day Rabigh 4 Independent Water Plant (IWP) in Saudi Arabia.

Valued at around SAR 2.54 billion ($677 million), the reverse osmosis plant will serve Makkah and Madinah regions, which typically see a spike in demand during Ramadan and the annual Hajj season.

The Saudi Water Partnership Company (SWPC) will be the sole buyer of services for the project, which is located on the Red Sea coast in Saudi Arabia.

The agreements were signed by Saudi Minister of Environment, Water and Agriculture Abdulrahman al-Fadley, and Chairman of ACWA Power Mohammad Abunayyan, in the presence of Marco Arcelli, Chief Executive Officer of ACWA Power, and Raad Al-Saady, Managing Director and Vice Chairman of ACWA Power.

In this regard, Al-Fadley said:“These agreements will achieve the goals for water production projects in partnership with the private sector that supplies industries, communities, and people across the Kingdom of Saudi Arabia.”

“We expect that Rabigh 4 will directly serve pilgrims from around the world in the holy cities of Makkah and Madinah and serve households in the wider region.

We hope that this project serves as a testament to this vital sector and shows how the private sector can