The deadline is approaching for developers to submit expressions of interest for the planned Jubail 3 independent water and power project (IWPP) in Saudi Arabia.
Saudi Arabia’s Water & Electricity Company (WEC) has set a deadline of 1 May for developers to submit interest in the tender for the Jubail 3 project, which will have a power generation capacity of 3,000MW and a desalination capacity of 1.17 billion cubic metres a day (cm/d).
The desalination component of the plant will be a hybrid system, with 60 per cent of the capacity to be produced through reverse osmosis (RO) membrane technology, with the remaining 40 per cent to be produced through a thermal desalination process.
The project will be developed under a 25-year concession agreement, with the selected developer to sign a power and water purchase agreement (PWPA) with WEC, which will be the offtaker for all of the produced power and desalinated water. WEC’s obligations under the PWPA will be supported by a credit guarantee from the Saudi government.
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