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ACWA Power Co. announces signing a Water Purchase Agreement with Sharjah Electricity, Water and Gas Authority (SEWA).
| Element List | Explanation |
|---|---|
| Introduction | ACWA Power Company announces the signing of a water purchase agreement for the ~410,000 m3/day Independent Water Plant at Hamriyah, Emirate of Sharjah, United Arab Emirates. The WPA has been signed between Sharjah Electricity, Water and Gas Authority and Hamriyah Developer Holding Company, 45% owned by ACWA Power. |
| Date of Announcement of the Award | 2024-09-03 Corresponding to 1446-02-30 |
| Contract Subject Matter | Water Purchase Agreements (WPA) |
| The Entity with Which the Contract was Signed | Sharjah Electricity, Water and Gas Authority (SEWA). |
| Date of Signing the Contract | 2024-09-03 Corresponding to 1446-02-30 |
| Contract Value | SAR 2.56 billion (US$ 0.68 billion). |
| Contract Details | Development, design, financing, engineering, procurement, construction, commissioning, completion, testing, ownership, operation, maintenance, and insurance of ~410,000 m3/day IWP at Hamriyah Sharjah. |
| Contract Duration | 30 years |
| Financial Impact and the Relevant Period | The full financial impact of the contracted revenues is expected to be reflected after the Commercial Operation Dates (PCOD) expected by the Second quarter of 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 241.4
Net Change 1.4 (+0.58%)
Value Traded (Sar) 102,065,399
Volume Traded 422,987
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