ACWA Power named preferred bidder for Rabigh 3 Independent Water Project – Saudi Arabia Saudi Arabia’s state-owned Water and Electricity Company (WEC) has announced the consortium led by ACWA Power as the preferred bidder for its Rabigh 3 Independent Water Project (IWP), located at Rabigh on the Red Sea coast. Rabigh 3 IWP involves the development, financing, procurement, implementation, operation and maintenance of a 600,000 cubic metres (m3)/day reverse osmosis desalination plant expandable to 1,200,000 m3/day. (LINK). HIWI042018-11-28T00:18:28+01:00