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Privatization of Ras Al-Khair Integrated Desalination and Power Plant

On behalf of the Saline Water Conversion Corporation (“SWCC”), the National Center for Privatization and PPP, is pleased to publish the results of the non-binding expression of interest (“EOI”)”) round for the potential privatization (the “Privatization”) of Ras Al Khair integrated desalination and power plant (“RAK”).

RAK has been selected as the first asset for privatization as part of the larger privatization of SWCC’s production assets, which is overseen by the Privatization Supervisory Committee for the water sector of Saudi Arabia. RAK is an operating asset with 1.05m m3/d of water and 2.65 GW of power capacity. A majority sale is envisaged with the proposed contractual structure in-line with market standard IWPP/IWP framework in KSA. The incoming investor will also have the option to take-over O&M of the plant.

Saudi Arabia
1. International Company for Water & Power Projects (ACWA) 2. Power and Water Utility Company for Jubail and Yanbu (Marafiq)
3. Al Bawani Water & Power 4. Almar Water Solutions
5. Haji Abdullah Alireza & Co. Ltd. 6. Alfanar Company
7. Nesma Holding Company 8.Advanced Water Technology
9. FAS Energy 10.Kindasa Water Services Company
Other GCC players
1. ADPower Takes Control of TAQA 2. Metito Utilities limited
3. Fouad Alghanim & Sons General Trading & Contracting Company 4. Lamar Holding W.L.L
5. MDC Power Holding Company L.L.C (Mubadala) 6. IPM Korea Company Limited
7. Actis Long Life Infrastructure Fund (Actis) 8.Hassana Investment Company
9. Tamasuk Holding Company 10.Gulf Investment Corporation, Kuwait-based Gulf Shareholding Company (GIC)
Asian players
1. JERA Co., Inc. 2. Marubeni Corporation
3. China Power International Holding Limited 4. Edra Power Holdings Sdn Bhd
5.Kansai Electric Power Company, Inc. 6.Sojitz Corporation
7. Zhejiang Energy International 8.China Huadian Corporation
9. China Harbour Engineering Company 10.Gulf Investment Corporation, Kuwait-based Gulf Shareholding Company (GIC)
European players
1. International Power S.A. (Engie) 2.EDF
3. FCC Aqualia, S.A