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Alkhorayef Water and Power Technologies Co. Sign off Long-Term O&M Contracts for Sewage Treatment Plants Package 7‬‬ - Al Ahsa with National Water Company
| Element List | Explanation |
|---|---|
| Introduction | In reference to the company announcement of awarding the contract on 18/04/2024 corresponding to 09/10/1445H, Alkhorayef Water and Power Technologies Co. announces the signing off the Long-Term O&M Contract for Sewage Treatment Plant Package 7 – Al Ahsa with National Water Company and for the duration of 15 years. |
| Date of Announcement of the Award | 2024-04-17 Corresponding to 1445-10-08 |
| Contract Subject Matter | Operation and Maintenance for Sewage Treatment Plant (PACKAGE 7) – Al Ahsa |
| The Entity with Which the Contract was Signed | National Water Company |
| Date of Signing the Contract | 2024-04-29 Corresponding to 1445-10-20 |
| 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 |
| Contract Duration | 15 years (180 months) |
| Financial Impact and the Relevant Period | The financial impact starts in the Third Quarter of 2024. |
| Related Parties | N/A |
| Additional Information | Alkhorayef Water and Power Technologies Co. received the agreement today, Monday, 29/04/2024, corresponding to 20/10/1445H. after it was signed by all parties, so accordingly disclosed. |
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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