The South Riyadh Project is the first and largest private water treatment plant that treats groundwater sources through Reverse Osmosis Technology. It is an independent water project (IWP) implemented under a "build, own and operate" (BOO) model to meet the needs of the second industrial city in Riyadh and surrounding areas. The company entered into multiple Water Purchase Agreements with several clients for a contract period of up to 30 years on a take-or-pay basis. The South Riyadh Project water supply system consists of several ground wells, Reverse Osmosis plant with a capacity of 80,000 m3 per day, a 65 km water transmission line, 35 km water networks, break tanks and water pumping stations.
The project consists of a Seawater Reverse Osmosis desalination treatment plant with a production capacity of 450,000 m3 per day, seawater intake and outfall facilities, 380KV Gas Insulated Substation, and 65km Overhead electrical transmission (electrical special facilities), 41 km water transmission line and water storage tanks (water special facilities). The project company - Yanbu International Water Company, signed a 25 year Water Purchase Agreement (WPA) with the offtaker - Saudi Water Partnership Company.
The project is the first PPP project implemented that includes a seawater desalination plant, a water transmission pipeline system, storage facilities and 10 MW solar power plant. Water special facilities will be transferred to SWCC, while the electrical special facilities will be transferred to the National grid upon reaching the commercial operation date (COD). The plant is located in Al Rais in Al-Madinah region in the Kingdom of Saudi Arabia. The project achieved financial close in March 2021 and is scheduled to achieve COD in November 2023. The project is financed through a combination of local and international commercial banks on a non-recourse basis.
It is a Public-Private Partnership (PPP) project under a build, own, operate, transfer (BOOT) structure. The STP has a capacity of 200,000 m3 per day expandable to 350,000 m3 per day. The offtaker - Saudi Water Partnership Company (SWPC) signed a 25-year term Sewage Treatment Agreement (STA) with the project company - Dammam West Company, which was created as a special purpose vehicle. The project is located in West Dammam. This project is the first independent wastewater treatment project implemented by a private sector in the Kingdom of Saudi Arabia through a public partnership basis. It has achieved financial close in May 2020. The plant is currently under construction. The scheduled commercial operation date is in Q1 2023.
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