Saudi Arabia’s Water & Electricity Company (WEC) has said that 10 global industry experts have prequalified to bid for the development of an independent sewage treatment plant (ISTP) in the Makkah province of the Kingdom.
The ISTP is being developed as part of Saudi Vision 2030, which recognises the critical importance of ensuring the future reliable provision of sewage treatment services for the residents of KSA.
The project will have a total treatment capacity of up to 270,000 cu m per day once its operational, said officials from WEC.
They said that a total of 66 developer companies had submitted their expression of interest (EOI) earlier this year and from the submitted bids, half were from local developers keen to support the country’s initiative.
Mizuho Bank is the lead and financial advisor, while White & Case LLP is the legal advisor. Meanwhile, Atkins & Partners Overseas Engineering Consultants have been selected as the technical advisor.
WEC added that it will perform a competitive process to select the consortium or developer for the project. This entity will be responsible for the development, financing, engineering, procurement, construction, implementation, ownership, operation, maintenance and transfer of the project. Additionally, associated infrastructure and facilities will also be in their scope of work.
Saudi Arabia’s government will support a credit support agreement for WEC’s obligation under the sewage treatment agreement. The agreement which is for 25 years between the WEC and the project company, is that, the latter will treat the entire sewage capacity supplied by the utility firm.