Yanbu-4 IWP
Yanbu-4 IWP - a Seawater Reverse Osmosis Independent Water Project in Saudi Arabia. Capacity 450k m³/d. Winning consortium: ENGIE + Mowah + Nesma. Water tariff: USD $0.465/m³. Status: Operational.
- Country
- Saudi Arabia
- Procurer
- SWPC
- City / region
- Ar Rayyis (Yanbu/Madinah)
- Capacity
- 450k m³/d
- Status
- Operational
- Water tariff
- USD $0.465/m³
Winning consortium
ENGIE + Mowah + Nesma - equity: ENGIE 40% / Mowah 30% / Nesma 30%
Procurement timeline
- RFP: 2019
- Bid submission: Feb 2020
- Preferred bidder: Feb 2020
- Commercial close: 2020
- Financial close: 21 Mar 2021
- PCOD: Apr 2024
Prequalified bidders
- ENGIE+Mowah+Nesma
- ACWA Power-led
- Marubeni-led
- Acciona-led
Financing
- Capex: USD 880 M (SAR 3.3bn)
- Debt: USD 711 M senior (~80%)
- Lenders: MUFG, StanChart, Riyad Bank, KDB, NCB Istisna-Ijara, KEXIM
- Tenor: Long-dated mini-perm
Technical scope
Process: SWRO + energy recovery
900,000 m³ storage (2-day stock); 450 MLD for Makkah/Madina
Notes
ENGIE-led was lowest bid.
EPC contractor: Doosan Heavy (~USD 708M)
Sources
Open the full SWRO IWP benchmark →Part of the GulfInfra · GCC Infrastructure Library - a free open-source benchmark of 136 public-private partnership procurements across the GCC. Methodology: how we build this.