Spanish infrastructure major Acciona has announced that it has secured the main contract worth €337 million ($398 million) for the Jubail 3B Independent Water Plant (IWP) in Saudi Arabia.
Located 65 km north of Dammam airport, the plant will produce 570,000 cu m/day of potable water through reverse osmosis technology to supply the cities of Jubail and Dammam. It will include storage facilities for one operational day in addition to in-house renewable energy capacity to reduce grid electricity consumption throughout the desalination process. The plant, being set up on a build, own, operate (BOO) model, will begin operations in 2024.
During the first half, Acciona clinched new contracts worth €4.65 billion, of which €2.36 billion were for construction and water projects.
In June, Saudi Water Partnership Company (SWPC) a deal with a consortium led by French energy giant Engie for the commercial close of Jubail 3B Project. The consortium includes Saudi-based Nesma Company and Abdulaziz Al Ajlan Sons for Commercial and Real Estate Investment Company (each with a 30 per cent stake in the project).