ACWA Power shaves $0.01 off next-best price in Rabigh 3 bidding

ACWA Power is offering the most competitive price by $0.01 out of five bidding consortia for Rabigh 3 independent power and water project.

The off-taker, Saudi Arabia’s Water and Electricity Company (WEC), revealed that ACWA Power quoted a levelled cost of SAR 1.992 ($0.53) per cube of product water.

The full list of prices bid is as follows:

ACWA Power

SAR 1.992



SAR 2.021 



SAR 2.117



SAR 2.288


FCC Aqualia 

SAR 2.616


The project is to develop, finance, procure, implement, operate, and maintain a 600,000 m3/d desalination facility in Rabigh, north of Jeddah, with potential to double capacity to 1.2 million m3/d. The contract is over 25 years. 

Saudi Arabia names nine consortia as pre-quals for Rabigh 3 mega project (January 2018)

Saudi’s WEC seeks developers for Rabigh 3 IWP mega plant (August 2017)