A water desalination plant of MARAFIQ
Power and Utility Company for Jubail and Yanbu (MARAFIQ) announced that it completed, on May 31, the project of the two-way pumpable water transmission line’s interconnection with Saline Water Conversion Corporation (SWCC) to supply Yanbu Industrial City with desalinated water.
The project aims to benefit both parties by exporting the surplus quantities produced to the other party in unusual and emergency cases. This project also eyes optimizing the use of assets, which contributes to achieving better returns in the future, the utility provider said in a statement on Tadawul.
The agreement was signed before MARAFIQ’s listing on the Saudi Exchange (Tadawul) with a total cost of SAR 9.93 million, whereby the two parties contributed equally to financing the project’s costs, the statement added.
The expected financial impact is not possible to be accurately determined as it depends on the quantities of water that will be exchanged between the two parties, the company noted.
The move comes as part of strengthening the cooperation frameworks between the firm and SWCC, as well as maximizing the utilization of production resources available to both parties to increase mutuality in water supplies in unusual and emergency cases.
This deal is considered one of the national strategic projects that enhance the reliability of water provision to consumers and contribute to achieving the aim of the Kingdom's Vision 2030.
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