Saudi-based Acwa Power said its consortium with Gulf Investment Corporation and AlBawani Water & Power Company has signed a major water purchase agreement with the Saudi Water Partnership Company for a greenfield sea water reverse osmosis desalination project being built at an investment of $650 million in Jubail city.

On completion, the Jubail 3A Independent Water Plant (IWP) will boast a capacity of 600,000 cu m of potable water/day, thus contributing to Saudi efforts to ensure water security.

The 25-year agreement was signed with Abdulrahman Abdulmohsen A. AlFadley, Minister of Environment, Water and Agriculture and Chairman of the Board Directors of SWPC.