WEC Issues Request for Expressions of Interest for Jubail-3 IWPP

Request for Expressions of Interest for Jubail Phase 3 Independent Water & Power Project (“Jubail 3 IWPP”)

Water & Electricity L.L.C. (“WEC”) is pleased to invite expressions of interest (“EOI”) in respect of the development of an Independent Water & Power Project (“IWPP”), to be located 18 km south of the Jubail Industrial City at the Arabian Gulf Coast, adjacent to the existing plant units (Jubail Phase 1, Jubail Phase 2 and Jubail RO plants), in the Eastern Province of the Kingdom of Saudi Arabia.

WEC will conduct a competitive process to select a developer or developer consortium for the development, financing, engineering, procurement, construction, implementation, operation and maintenance of an integrated water desalination and power plant of 1,170,000 m³/day net of potable water capacity consisting of 60% Reverse Osmosis and 40% Thermal Desalination technology respectively and 3,000 MW of power, together with associated infrastructure and facilities (the “Project”). Under a concession of 25 years, the project company to be incorporated to develop the Project, will sell their entire power and desalinated water capacity and output to WEC under a Power and Water Purchase Agreement (“PWPA”). WEC’s obligations under the PWPA will be supported by a credit support agreement from the Government of the Kingdom of Saudi Arabia.

WEC requests the following:

1. Interested parties should express their interest to participate in the tender process by no later than 15:00hrs KSA time on [1 May 2018]. Interested parties should deliver their EOI in both hard copy and electronic copy in PDF format to:

• Mr. Khaled bin Zwaid AlQureshi, CEO, Water & Electricity L.L.C., Floor 24, Kingdom Center, P.O.  Box:  300091, Riyadh 11372,   Kingdom of Saudi Arabia. Email Address: WECJubail3@wec.com.sa

• Mr. Aamir Jawaid, Head of Project Finance, Banque Saudi Fransi, Head Office – King Saud Road, P.O.Box 56006 Riyadh 11554, Kingdom of Saudi Arabia. Email Address: WECJubail3@alfransi.com.sa

2. The EOI should specify as a minimum:

• 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).

Following submission of the EOI, WEC may, at its sole discretion, issue a confidentiality undertaking to each Point of Contact. Parties wishing to participate as a sole or lead developer must return executed versions of the confidentiality undertaking in order to receive a request for pre-qualification (“RFQ”) document, Responses to the RFQ should only be submitted by developers seeking qualification as a sole developer or lead developer as part of a developer consortium. The RFQ will include further information, including a description of the Project, an outline of the tender process and eligibility criteria for pre-qualification of interested parties. WEC is being advised by:

• Banque Saudi Fransi as Lead and Financial Adviser;
• Alderbrook Finance as Co-Financial Adviser;
• DLA Piper Middle East LLP as Legal Adviser; and
• Fichtner GmbH & Co. KG as Technical Adviser.