Friday 29 May 2020

FCC, Veolia, Utico in race for Saudi Yanbu-4 water project

RIYADH, June 13, 2019


Ten leading utility developer consortiums led by top global players including FCC, Cobra and GS Inima (from Spain), Suez and Veolia (France) beside Emirati group Utico and Japan's Marubeni have been prequalified by Saudi Water Partnership Company (SWPC) for the Yanbu-4 independent water project (IWP).

The project is being set up in the kingdom's Yanbu province using reverse osmosis (RO) seawater desalination technology, said senior officials of SWPC (formerly Saudi Water & Electricity Company).

According to them, the request for proposals (RFPs) has already been been issued to the following qualified bidders:

*International Company for Water and Power Projects

*FCC Aqualia SA , Haji Abdullah Alireza & Company and Alfanar Company

*Cobra Instalaciones y Servicios,

*GS Inima Environment 

*International Power, Dubai Branch

*Marubeni Corporation and Power and Utility Company for Jubail and Yanbu

*Sacyr Servicios 

*Suez Groupe

*Utico FZC

*Veolia Middle East

One of the kingdom's ambitious projects, Yanbu-4 IWP - on completion - will boast a potable water capacity of up to 450,000 cu m per day, said senior SWPC officials.

The desalination plant will come up near the town of Ar Rayyis (140 km west of Madinah), on the Red Sea coast of Saudi Arabia and power supply will be facilitated from the high voltage network.

A strategic project for the Saudi region, the Yanbu Phase 4 Independent Water Project has several leading global industry experts in the advisory role.

Sumitomo Mitsui Banking Corporation DIFC Branch is the lead and financial advisor for the transaction, DLA Piper Middle East the legal advisor and ILF Consulting Engineers the technical advisor.
SWPC officials said once the winning developer or developer consortium gets selected, its scope of work will include development, financing, procurement, implementation, operation and maintenance of the 450,000-cu-m desalination plant, together with associated infrastructure and facilities.

Also it will sign a 25-year water purchase agreement, under which the consortium will sell the entire capacity and output to WEC, they added.-TradeArabia News Service


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