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Alkhorayef Water and Power Technologies Co. announces the awarding of Long-Term O&M Contracts for Sewage Treatment Plants Package 6 Riyadh city- Heet and Al-Hayer STP’s for duration 180 months with National Water Company

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1445/04/23     07/11/2023 15:59:39

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Introduction Alkhorayef Water and Power Technologies Co. announces the awarding of the Long-Term O&M Contract for Sewage Treatment Plant Riyadh City – Heet &Al-Hayer STP’s Package 6 –for the duration of 180 months with National Water Company
Date of the Award 2023-11-07 Corresponding to 1445-04-23
Contract Value 2,183,978,590.00 SAR 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 the existing four sewage treatment plants (STPs) in Heet and Al-Hayer - Riyadh. The STPs in this Package are: Heet 01 STP (HT1), Heet 02 STP (HT2) and Heet 03 STP (HT3), Al-Hayer STP (AHR). 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 780,000 m3/d.
Related Parties N/A
Additional Information The financial impact starts in the second Quarter of 2024.

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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