Establishing Jubail 3A reverse osmosis (RO) desalination plant, located at Jubail in the Eastern province with an output capacity of 600,000 cubic meters per day (m3/d). The plant comprises solar energy units to reduce electricity consumption and water storage tanks with a one-day production capacity to serve consumers in the Eastern province, Riyadh and Qassim. The project is a joint venture between ACWA Power, Gulf Investment Corporation and Al Bawani Water & Power Co.
Commercial operation is set to start in 2022.
In Q3 2020, ACWA Power signed financing agreements worth $650 million with Al Rajhi Bank, Abu Dhabi Islamic Bank (ADIB), Riyad Bank and Mizuho Bank.