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Alkhorayef Water and Power Technologies Co. announces the awarding of Long-Term O&M Contracts for Sewage Treatment Plants Package 7 Al Ahsa city- for duration 180 months with National Water Company
| Element List | Explanation |
|---|---|
| Introduction | Alkhorayef Water and Power Technologies Co. announces the awarding of Long-Term O&M Contracts for Sewage Treatment Plants Package 7 Al Ahsa city- for duration 15 years with National Water Company |
| Date of the Award | 2024-04-17 Corresponding to 1445-10-08 |
| Counterparty | National Water Company |
| Contract Value | 1,724,417,330.00 Saudi Riyal Excluding VAT |
| Contract Details | Alkhorayef Water and Power Technologies Co. will perform Design, Rehabilitation Works, testing and commissioning, full operation and maintenance, handover, of three existing and one new sewage treatment plants (STPs) Al Ahsa, KSA. The STPs in this Package are: Existing: Al Hafuf STP 1, Al Oyun STP and Al Omran STP. New: Al Hafuf STP 2 The Rehabilitation shall be completed in two phases with total period of 36 months from the contract date. As well as the Operation and Maintenance for 15 years (180 months) from contract date, in conjunction with commencement of rehabilitation work. The total design treatment capacity of the Plants is 457,500 m3/day to be upgraded to 472,000 m3/day |
| Related Parties | n/a |
| Additional Information | The financial impact starts in the third Quarter of 2024. It’s worth mentioning that this is the third project of LTOM packages to be awarded to Alkhorayef Water and Power Technologies Company. The company will announce any future developments in this regard at the time, especially after receiving the final version of the agreement contract signed by all parties concerned. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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