ACWA Power, a Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, signed water purchase agreements for the 600,000 cubic metre per day Rabigh 4 Independent Water Plant (IWP) in Saudi Arabia. The Saudi Water Partnership Company (SWPC), a government offtaker, will be the sole buyer of services for the project, which is located on the Red Sea coast in Saudi Arabia.
Valued at around EUR 617M, the reverse osmosis plant will service the Makkah and Madinah regions, which typically see a spike in demand during the Ramadan and the annual Hajj season.
ACWA Power currently operates Rabigh 3 IWP in the area with the same capacity as Rabigh 4. Last year, Rabigh 3 was recognised as the World’s Largest Reverse Osmosis Desalination plant by the Guinness World Records™.
With Rabigh 4 IWP, ACWA Power will double its desalination capacity in Rabigh Area. Financial close for the project is expected during the third quarter of 2023.
