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ACWA POWER Company announces the signing of a water Purchase agreement in Senegal.
2082
ACWA POWER
-6.87
%
1445/09/18 28/03/2024 09:38:11
| Element List | Explanation |
|---|---|
| Introduction | ACWA POWER Company announces the signing of a water Purchase agreement, with the ministry of Water and sanitation and Senegalese Company of Water (“Sones”) for the construction of 400,000 m3/d desalination plant in Dakar, Senegal, through 2 phases of 200,000 m3/d capacity for each phase. |
| Date of Announcement of the Award | 2024-03-27 Corresponding to 1445-09-17 |
| Contract Subject Matter | Design, financing, construction, operation and maintenance of a Grande Côte seawater desalination plant in Senegal and design and construction of associated infrastructure |
| The Entity with Which the Contract was Signed | 1. Ministry of Water and Sanitation of Senegal 2. Senegalese water Company (Sones) |
| Date of Signing the Contract | 2024-03-27 Corresponding to 1445-09-17 |
| Contract Value | SAR 3,000 million (US $ 800 million) |
| Contract Details | Develop, finance, build and operate the Grand Cote project with a production capacity of 400,000 cubic meters per day using reverse osmosis technology to desalinate seawater. |
| Contract Duration | 32 years. |
| Financial Impact and the Relevant Period | The financial impact of the contracted revenues is expected to materialize after the Commercial Operation Date (PCOD) of the first phase by Q1,2028. |
| Related Parties | NA |
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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Last Price 420.0
Net Change -31.0 (-6.87%)
Value Traded (Sar) 430,787,941.6
Volume Traded 1,012,444
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