Vision 2030 recognises the critical importance of ensuring the future reliable provision of sewage treatment services for the quality of life of residents of the Kingdom of Saudi Arabia (“KSA“).
To meet the sewage treatment requirements Water & Electricity S.M.L.L.C (“WEC”) has commenced a programme to commission a series of new Independent Sewage Treatment Plants (“ISTPs”).
WEC is therefore pleased to invite expression of interest (“EOI”) in respect of the development of a new ISTP with a total ultimate treatment capacity of up to 270,000 m3/day. The ISTP will be located near the city of Taif, in the Mecca Province of KSA (the “Project”).
WEC will conduct a competitive process to select a developer or developer consortium for the development, financing, engineering, procurement, construction, implementation, ownership, operation, maintenance and transfer of the Project, together with associated infrastructure and facilities. Under a 25-year Sewage Treatment Agreement (“STA”) with WEC, the project company to be incorporated to develop the Project will treat the entire sewage capacity supplied by WEC. WEC’s obligations under the STA will be supported by a credit support agreement from the Government of KSA.
WEC requests the following:
1. Interested parties should express their interest to participate in the tender process by no later than 27th January 2019. Interested parties should submit their EOI in electronic copy in PDF format to:
- Mr. Khaled bin Zwaid AlQureshi,
CEO, Water & Electricity S.M.L.L.C, Floor 19, Moon Tower, King Fahad Road, Riyadh 12341, Kingdom of Saudi Arabia. Email address: wectaif@wec.com.sa
- Mr. Dexter Maitland,
Managing Director and Head of Power and Advisory, Mizuho Bank, Ltd. (London Branch), Mizuho House, 30 Old Bailey, London EC4M 7AU, United Kingdom. Email address: dexter.maitland@mhcb.co.uk
2. The EOI should specify as a minimum the following information:
- Name of the interested party;
- Name and contact details (postal address, telephone number, and e-mail address) for the appropriate point of contact (“Point of Contact”) to whom all future correspondence will be addressed; and
- Where the interested party is considering potential consortium partners, an indication of such intention and details of potential consortium partners (to the extent it is known).
The advisors on the Project are:
- Mizuho Bank, Ltd. as Lead and Financial Adviser;
- White & Case LLP as Legal Adviser; and
- WS Atkins & Partners Overseas Engineering Consultants as Technical Adviser.
