Our Investments

Shuaibah Water and Electricity Company

The Shuaibah IWPP facility is owned by the Shuaibah Water and Electricity Co. (SWEC) with ACWA Power being its major share holder. This IWPP project was the first transaction of the Water and Electricity Company (WEC) and is worth $2.45 billion. Shuaibah IWPP is one of the largest combined power and water plants in the world. Arabian Heavy Crude Oil is used to produce steam for power generation and desalinated water production using multi stage flash (MSF) technology.

The complex comprises three combined water and power groups, each with a steam turbine/generator train and four multistage flash water desalination units. Construction started in January 2006 and achieved commercial operation for Group 1 during May 2009. Subsequently, Group 2 and Group 3 achieved their commercial operation in June and July 2009 respectively. The facility is situated 110km south of Jeddah and supplies the cities of Makkah, Jeddah, Taif and Baha with both power and water.

The main shareholders are two Saudi Arabian government entities; the Public Investment Fund and Saudi Electricity Company, and a private consortium comprising ACWA Power, Tenaga Nasional Berhad,Malakoff Berhad and Khazanah Nasional Berhad.

From commercial operation until the end of 2009, the facility dispatched power at an average of 99.5% of the available capacity. Desalinated water was dispatched at 69.4% of the available capacity, primarily due to constraints in the quantities that the off-taker could accept. Safety is of key importance, and in 2009, the project completed 34.7 million man hours of construction and operations without any lost time incidents.

Concession

BOO (20 years)

Location

110 km, South of Jeddah

Shareholders

PIF

ACWA Power

MALAKOFF/KHAZANAH/ TNB

SEC

Off taker

Water and Electricity Company ( WEC )

Project Cost

US$ 2.45 billions

Owner's Engineer

Fichtner

EPC Contractor

Siemens/ Doosan Heavy Industry Consortium

O&M Contractor

Saudi Malaysia Operation and Maintenance Services Co. with NOMAC appointed as O&M service provider

Capacity

Water: 880,000 m³/day

Power: 900 MW

Technology

Water: MSF

Power: Steam Turbine

Fuel

Arabian Heavy Crude Oil

Commercial Operation

25th July 2009

  •  
    • 2005 PFI /Euromoney Power Deal of the Y ear for Europe & MENA
    • Desalination Deal of the Y ear 2006 by GWI
    • Power and Water Deal of the Y ear 2005 by Euromoney and GWI
    • Ranked 5th in the Top 100 FDI organized by SAGIA

Awards

We were recently awarded the PFI Award for our efforts in providing clean and sustainable energy.
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Investments

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