WEC Issues Request for Expressions of Interest for Shuqaiq Phase 3 AND Yanbu Phase 4 Independent Water Projects
WEC Issues Request for Expressions of Interest for Rabigh 3 Independent Water Project

02nd August 2017

Request for Expressions of Interest for Rabigh 3 Independent Water Project

 

Water & Electricity 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 in Rabigh area (150 km North of Jeddah), in the western region of the Kingdom of Saudi Arabia (“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 600,000 m3/day; expandable to 1,200,000 m3/day net of 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 their entire capacity and output to WEC under a Water Purchase Agreement (“WPA”). WEC’s obligations under the WPA will be supported by a payment guarantee from the Government of the Kingdom of Saudi Arabia.

 

WEC requests the following:

 

1.     Interested parties should express their interest to participate in the procurement process by no later than 15:00hrs KSA time on 21st August 2017. Interested parties should deliver their EOI in both hard copy and electronic copy in PDF format to:

 

·        Mr. Khaled bin Zwaid AlQureshi, CEO, Water & Electricity L.L.C., Floor 24, Kingdom Center, P.O.  Box:  300091, Riyadh 11372,   Kingdom of Saudi Arabia, wecrabigh3@wec.com.sa

 

·        Mr. Aamir Jawaid, Head of Project Finance, Banque Saudi Fransi, Head Office – King Saud Road, P.O.Box 56006 Riyadh 11554, Kingdom of Saudi Arabia, rabigh3eoi@Alfransi.com.sa

 

2.     The EOI should specify as a minimum:

 

·        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 sent; 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).

 

Following submission of the EOI, WEC may, on its sole discretion, issue a confidentiality undertaking to each Point of Contact. Parties wishing to participate as a sole or lead developer who return executed versions of the confidentiality undertaking may then receive a request for pre-qualification (“RFQ”) document, which WEC expects to issue in September 2017. Responses to the RFQ should only be submitted by developers seeking qualification as a sole developer or lead developer as part of a developer consortium. The RFQ will include further information, including a description of the project, an outline of the tender process and evaluation criteria for pre-qualification of interested parties.

 

WEC is being advised by:

 

·        Banque Saudi Fransi as Lead and Financial Adviser;

·        Alderbook Finance as Co-Financial Adviser;

·        DLA Piper Middle East LLP as Legal Adviser; and

·        Fichtner GmbH & Co. KG as Technical Adviser.