Water & Electricity S.M.L.L.C (“WEC”) is pleased to invite expressions of interest (“EOI”) in respect of the potential development of an Independent Water Project (“IWP”) to be designed using Reverse Osmosis seawater desalination technology. The desalination plant will be located near the town of Ar Rayyis (140 km west of Madina), on the Red Sea coast of the Kingdom of Saudi Arabia (the “Project”) and power supply will be facilitated from the high voltage network.
WEC will conduct a competitive process to select a developer or developer consortium for the development, financing, procurement, implementation, operation and maintenance of a desalination plant of 450,000 m3/day potable water capacity, together with associated infrastructure and facilities. Under a concession of 25 years, the project company to be incorporated to develop the Project will sell the entire capacity and output to WEC under a Water Purchase Agreement (“WPA”). WEC’s obligations under the WPA will be supported by a credit support agreement from the Government of the Kingdom of Saudi Arabia.
WEC requests the following: 1. Interested parties should express their interest to participate in the tender process by no later than 11th April 2019. Interested parties should submit their EOI in electronic format (in PDF) to:
- Mr. Khaled bin Zwaid AlQureshi, CEO, Water & Electricity S.M.L.L.C, Floor 19, Moon Tower, King Fahad Road, Riyadh 12341, Kingdom of Saudi Arabia. Email address: wecyanbu4@wec.com.sa
- Mr. Duncan Allison, Managing Director and Head of Power and Infrastructure, Sumitomo Mitsui Banking Corporation DIFC Branch – Dubai, Building One, Floor 5, Gate Precinct, Dubai International Financial Centre, P.O.Box: 506559, Dubai, United Arab Emirates. Email address: duncan_allison@ae.smbcgroup.com
2. The EOI should specify as a minimum the following information:
- Name of the interested party;
- Name and contact details (postal address, telephone number, and e-mail address) for the appropriate point of contact (“Point of Contact”) to whom all future correspondence will be addressed; and
- Where the interested party is considering potential consortium partners, an indication of such intention and details of potential consortium partners (to the extent it is known).
Institutions that have responded to the Request for Expressions of Interest issued by WEC on the 24th October 2017 are not required to resubmit an EOI, unless such institutions wish to update the Point of Contact.
The advisors on the Project are:
- Sumitomo Mitsui Banking Corporation DIFC Branch as Lead and Financial Adviser;
- DLA Piper Middle East LLP as Legal Adviser; and
- ILF Consulting Engineers as Technical Adviser.
