In a Tadawul announcement, ACWA Power revealed that it has received the commercial operation certificate from Saudi Water Partnership Company for the Jazlah Water Desalination Company.
Located in Jubail, the $650mn (SAR2.439bn) project outputs a capacity of 600,000 cubic meters per day of desalinated water using Reverse Osmosis Technology. The financial impact of the development for ACWA Power is expected to show during Q2 2023.
With a 40.2% stake, ACWA Power shares ownership of the project as part of a consortium with Gulf Investment Corporation and Al Bawani Water and Power Company. Under the conditions of the agreement, the consortium, led by ACWA Power, will design, construct, commission, operate and maintain the desalination plant as well as associated potable water storage and electrical special facilities.
The Engineering Procurement Construction contract has been awarded to a consortium consisting of Power China, SEPCO-III and Abengoa.
The project is noted as the first to be launched by the Saudi Water Partnerships Company in the eastern region, featuring four water tanks for its purpose, 13.5 km of Over Head Transmission Line, 3.5 km of interface dispatch line, and a total undersea piping of 11.5 km; in addition to capitalising on local content with nearly $226.5mn (SAR850mn) injected in the national economy, enhancing the participation and contribution of the private sector to delivering more local content effectively.
