RIYADH: Saudi Water Partnership Co. is currently working on 11 projects worth SR35 billion ($9.3 billion), scheduled for completion in early 2023, according to its CEO.
Speaking on the sidelines of the Future Desalination International Conference, SWPC CEO Khaled Alqureshi told Arab News that the company has 33 projects underway, 11 of which are in development for market submission.
He added that these projects include an independent water and power project, an independent sewage treatment project, a transmission project and a strategic water reservoir project. The bidding process for these projects has begun.
The company is currently constructing two water transmission pipelines in Makkah province: Ras Mohaisan and Rabigh-4. While the Ras Mohaisan project will have a capacity of 300,000 cubic meters per day, Rabigh-4 will contain 600,000 cmpd.
According to a company statement, the deadline for submitting bids for Rabigh-4 is September 18.
Some companies pre-qualified for the bid are ACWA Power, Spanish consortium Acciona Agua and Ajlan & Brothers Energy Co. and Spain’s Cobra Instalaciones y Servicios.
Others include Japan’s Marubeni Corp., a consortium between France’s Veolia Middle East and UAE’s Utico, Saudi Arabia’s Mowah Co. and Chinese Railway Construction Corp.
Alqureshi said other ongoing projects are Ras Mohaisen IWP and Al-Juranah ISWR and Al-Haer ISTP.
The development also speaks volumes about the growing support of the Public Investment Fund in the sector. The sovereign wealth fund successfully contributed to SWPC’s first three IWPP projects in the Kingdom.
“Saudi ministries and the National Water Co. are collaborating on a program to optimize water losses and reduce them at different stages of transmission and distribution,” Alqureshi said while explaining the collective effort.
With the Kingdom’s organic growth and several ambitious programs available, SWPC is improving water consumption requirements, mandate and building capacity.
“We are also closing non-renewable groundwater to build more assets to produce water,” Alqureshi added.
The company has made great strides in lowering tariffs on seawater desalination to 40 cents, and Alqureshi is confident they will continue to fall.
The SWPC also calls for tenders for installations, water desalination, wastewater treatment and cogeneration projects for the private sector.
In 2003, Saline Water Conversion Corp. and Saudi Electricity Co. each owned 50% of SWPC, and its objective was to buy water and electricity from private projects and sell them to SWCC and SEC. However, the Ministry of Finance now owns SWPC with a capital of SR 100 million.