‎ACWA Power signs WPA with Saudi Water Partnership for Shuaibah 3 IWP project

‎ACWA Power signs WPA with Saudi Water Partnership for Shuaibah 3 IWP project

ACWA Power Co. signed today, June 20, a water purchase agreement (WPA) for Shuaibah 3 IWP Project, a 600,000 m3/d plant located in Shuaibah, Makkah Province, according to a bourse statement.

The project is part of the conversion of the existing Shuaibah 3 IWPP plant into seawater reverse osmosis plant.

The WPA was signed between Shuaibah Three Water Desalination Co., which is co-owned by ACWA Power and Water & Electricity Holding Company (Badeel), and Saudi Water Partnership Co.

The project is worth around SAR 3 billion.

The company also indicated that the contract duration is 25 years, expecting the related financial impact to start once the commercial operation starts in Q2 2025.

Shuaibah 3 IWP is associated with the conversion project of the existing co-generation plant of Shuaibah 3 IWPP.