Introduction:
The Water Transmission Company (WTCO) in Saudi Arabia has released the list of bidders interested in developing the Ras Mohaisen – Baha – Makkah Independent Water Transmission System. This project aims to enhance the water infrastructure in the region and aligns with the Saudi National Water Strategy and Vision 2030.
Full Review:
The project has attracted interest from a diverse range of bidders, showcasing the importance of this development in the region. The bidders include well-known companies such as Abu Dhabi National Energy Company PJSC (TAQA), Acciona Agua S.A, and Elecnor Group, among others.
WTCO will conduct a competitive process to select a developer or consortium for the project on a Design, Build, Finance, Lease, and Transfer basis. The selected company will lease the transmission capacity to WTCO under a Water Transmission Development and Lease Agreement for up to 35 years.
The Saudi National Water Strategy aims to reduce the water demand-supply gap and provide urban supply through desalinated water to decrease reliance on non-renewable sources. The IWTS program will play a crucial role in achieving these goals by developing a robust Water Transmission Systems network.
The project advisors include Synergy Consulting IFA Inc. as Lead and Financial Adviser, Clifford Chance as Legal Adviser, and ILF as Technical Adviser, reflecting the comprehensive approach taken towards the project development.
Conclusion:
The development of the Ras Mohaisen – Baha – Makkah Independent Water Transmission System signifies a significant step towards achieving sustainable water infrastructure in Saudi Arabia. The project aligns with the broader vision of the Saudi National Water Strategy and Vision 2030, showcasing the commitment to ensuring high-quality water services for the region.
FAQs Section:
1. Which companies are interested in the project?
The companies expressing interest in the project include a wide range of entities such as TAQA, Acciona Agua S.A, and Elecnor Group, among others.
2. What is the transmission capacity of the project?
The project will have a contracted transmission capacity of 515,000 cubic meters per day.
3. What is the goal of the Saudi National Water Strategy?
The goal of the Saudi National Water Strategy is to reduce the water demand-supply gap and provide 90% of national urban supply through desalinated water.
4. How long is the expected term of the Water Transmission Development and Lease Agreement?
The term of the WTDLA is expected to be up to 35 years.
5. Who are the project advisors?
The project advisors include Synergy Consulting IFA Inc. as Lead and Financial Adviser, Clifford Chance as Legal Adviser, and ILF as Technical Adviser.
6. What is the key focus of the IWTS program?
The IWTS program aims to develop a Water Transmission Systems network to provide critical connectivity between consumption centers and desalination plants.
7. How will the developer be selected for the project?
The developer or developer consortium will be selected through a competitive process on a Design, Build, Finance, Lease, and Transfer basis.
8. What are the key goals of the NWS 2030?
The key goals of NWS 2030 include reducing the water demand-supply gap and providing urban supply through desalinated water.
9. What is the significance of the Ras Mohaisen – Baha – Makkah IWTS project?
The project signifies a crucial step towards achieving sustainable water infrastructure in Saudi Arabia, aligning with the broader vision of the Saudi National Water Strategy and Vision 2030.
10. How long is the length of the IWTS project?
The length of the IWTS project is approximately 300 km, showcasing the extensive nature of the development.
Tags:
WTCO, Bidders List, Water Transmission, Saudi National Water Strategy, IWTS, Ras Mohaisen – Baha – Makkah, Vision 2030