The Saudi Water Partnership Company (SWPC), as part of an alliance with a consortium comprised of France-headquartered ENGIE (40%) and Saudi based Nesma (30%) and Mowah (30%), recently achieved financial closure for the Yanbu-4 independent water producer (IWP) plant.

The Yanbu-4 IWP plant is the first renewable integrated, seawater reverse osmosis project in the Kingdom that includes storage facilities for two operational days.

The consortium, led by one of the world’s leading low-carbon energy and service solution providers, ENGIE, was awarded the Yanbu-4 project in February 2020 after submitting a successful bid with tariff of SAR 1.7446 halalas per cubic meter of produced water.