The National Water Company (NWC) announced that it has signed a long-term contract with the Spanish company Aguas de Valencia to rehabilitate, operate and maintain the wastewater treatment plants in Taif for a period of 15 years, worth more than SAR 555 million.
The contract is based on the objectives of the National Water Strategy to attract the private sector to participate in the investment opportunities related to the rehabilitation, operation and maintenance of strategic assets of the NWC and to increase investment in the water sector as part of an innovative model of investment agreements.
Dr. Fuad Alsheikh Mubarak, CEO of NWC, signed the agreement with Mr. Severino Ramos Aparici, General Manager of Aguas de Valencia, at NWC’s premises in Jeddah in the presence of senior executives from both parties.
NWC said that “the value of the contract signed with Aguas de Valencia Company is more than SAR 555 million (approximately USD 148 million), with a levelized tariff of SAR 0.67/m3, i.e. approximately USD 0.18/m3”. The company said that the scope of the contract is to rehabilitate, operate and maintain two wastewater treatment plants in Taif City with a total treatment capacity of 147,000 m3/day. NWC added that it has completed the signing of 8 contracts under the LTOM program is under the NWC strategic plans for existing environmental treatment plants (STPs).
The company revealed that the LTOM program will continue as NWC intends to offer (113) existing treatment plants with a total capacity of 2.4 million m3/day starting in 2024. These contracts are investment opportunities open to local and international companies. The company added that these partnerships will attract important consortiums with the aim of rehabilitating existing plants for 15 years with capital investments at competitive prices.
NWC announced that through these contracts, the company aims to support the national economy by enabling expansion and growth in the water sector and creating opportunities and long-term partnerships with local and international companies.