Our Investments

Rabigh Arabian Water and Electricity Company

Rabigh Arabian Water and Electricity Co. (RAWEC) owns Rabigh Independent Water Steam Power Producer (IWSPP). This US$ 1.3 billion transaction that provides water, power and steam to Petro Rabigh Co. (a JV of Saudi Aramco and Sumitomo Chemical Corporation) which is the largest petrochemical complex in the Gulf region. The plant utilizes Heavy Fuel Oil to generate the electrical power and desalination is undertaken with Reverse Osmosis.

With heavy fuel oil as primary energy, five blocks of boiler and steam turbine generator sets, with one set as a redundant standby unit, providing 360 MW of power, 1,230 tons/hr of process steam and 134,000 m3/day of desalinated sea water using the reverse osmosis process.

Power, steam and desalinated water is sold to the off-taker, Petro Rabigh on a 25 year duration 'take or pay' agreement. The plant came into deemed operation at the end of July 2008. The facility is owned and operated by RABEC and was constructed under an EPC contract by Mitsubishi Heavy Industries.

The project complies with Saudi Arabian environmental standards and the internationally recognized Equator principles. Significant environmental impact mitigation measures include limestone based flu gas desulphurization and continuous monitoring of stack emissions.


BOOT (25 years)


Rabigh City, 120km north of Jeddah


Petro Rabigh

Marubeni Corporation

JGC Corporation

ACWA Power

ITOCHU Corporation

Off taker

Petro Rabigh

Cities Supplied

Rabigh Petrochemical Complex

Project Cost

US$ 1.3 billions

Owner's Engineer

Mott MacDonald

EPC Contractor

Mitsubishi Heavy Industries

O&M Contractor



Water: 134,000 m³/day

Power: 360 MW

Steam: 1,230 ton/hr


Water: Reverse Osmosis

Power: Steam Turbines


Heavy Fuel Oil

Commercial Operation

01st June 2008


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