Alkhorayef Water awarded SAR 1.72B contract by NWC

Alkhorayef Water and Power Technologies Co. (AWPT) won on April 17 a long-term operation and maintenance contract from National Water Co. (NWC) for sewage treatment plants (Package 7) in Al-Ahsa city.

The contract is valued at SAR 1.72 billion, exclusive of VAT, according to a filing to Tadawul.

AWPT will perform the design, rehabilitation, testing, commissioning, full operation, maintenance, and handover of three existing sewage treatment plans (STPs) and another new one in Al-Ahsa.

The existing plants in this package are Al Hafuf STP 1, Al Oyun STP and Al Omran STP. This is in addition to the new one, Al Hafuf STP 2.

The design and rehabilitation will be completed in two phases over 36 months from the contract date. Meanwhile, the operation and maintenance will be carried out over 15 years (180 months), in conjunction with commencement of rehabilitation work.

The total design treatment capacity of the plants is 457,500 m3/day, to be upgraded to 472,000 m3/day.

This is the third-of-its-kind-project to be awarded to AWPT.

The company will announce any relevant developments in due course, especially after receiving the final version of the contract signed by all parties concerned.

The relevant financial impact will start from Q3 2024, the statement said, noting that there are no related parties to the deal.