Our Investments

Shuaibah Expansion Project Company

Shuaibah Expansion Project Co. (SEPCO) controls the Shuaibah Independent Water Producer (IWP).  The Expansion includes a desalination plant utilizing Reverse Osmosis (RO) technology that was delivered on a fast track basis to augment water supply in the parts of the Kingdom’s western region.

Construction started in 2007 and the plant achieved full commercial operation in November 2009, and since then it has maintained an exceptional performance of 100% availability. The main shareholders are two Saudi Arabian government entities; the Public Investment Fund and Saudi Electricity Company, and a consortium including ACWA Power, Tenaga Nasional Berhad,Malakoff Berhad and Khazanah Nasional Berhad.

The Shuaibah Expansion IWP produced its first desalinated water during May 2009 for quality assurance. The Water and Electricity Company is the project’s off-taker and the holder of the 20-year water purchase agreement.

Concession

BOO (20 years)

 

Location

110 KM South of Jeddah

 

Shareholders

PIF

ACWA Power International

MALAKOFF/KHAZANAH/ TNB

SEC

 

Off taker

Water and Electricty Company ( WEC )

 

Project Cost ($ billions)

0.23

 

Owner's Engineer

Mott MacDonald

 

EPC Contractor

Doosan Heavy Industries

 

O&M Contractor

Al Imtiaz O&M Co. Ltd.
(Nominated Subcontractor: NOMAC)

 

Capacity

Water: 150,000 m³/day

 

Technology

Water: Reverse Osmosis

 

Fuel

N/A

 

Commercial Operation

28th  Feb 2009

  • Shortlisted for 2009 Desalination Plant of the Year by GWI

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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