KSA Business: Doosan wins $640m Saudi water project EPC deal – Gulf Digital News

KSA Business: Doosan wins $640m Saudi water project EPC deal – Gulf Digital News

South Korea’s Doosan Enerbility has won the engineering, procurement, and construction (EPC) contract for Shuaibah 3 Independent Water Project in Saudi Arabia, reports said.

The $640-million desalination project is developed by a special purpose vehicle (Shuaibah Three Water Desalination Company) launched by Saudi utility developer Acwa Power and Water & Electricity Holding Company (Badeel), which is owned by Saudi Arabia’s PIF sovereign wealth fund.

Earlier, In June, Acwa Power, a leading Saudi developer, investor and operator of power generation, desalinated water and green hydrogen plants worldwide; Shuaibah Water Electricity Company (SWEC), and Saudi Water Partnership Company (SWPC), the off-taker of Shuaibah 3 IWPP, signed an agreement to restructure the Shuaibah 3 Independent Water and Power Project (IWPP).

The agreement entailed the conversion and replacement of the IWPP from an energy-intensive power generation and thermal desalination facility to a greenfield seawater reverse osmosis (SWRO) desalination plant under the name “Shuaibah 3 Independent Water Project (IWP)”. As such, operations of Shuaibah 3 Independent Water and Power Project (IWPP) will cease in 2025, saving nearly 45 million tons of carbon dioxide emissions and 22 million barrels of light crude oil annually.

The Shuaibah 3 IWP aims to establish the world’s largest reverse osmosis desalination facility in Shuaibah,