| Element List | Explanation |
|---|---|
| Introduction | ACWA Power Company announces the signing of a water purchase agreement for the ~410,000 m3/day Independent Water Plant at Hamriyah, Emirate of Sharjah, United Arab Emirates. The WPA has been signed between Sharjah Electricity, Water and Gas Authority and Hamriyah Developer Holding Company, 45% owned by ACWA Power. |
| Date of Announcement of the Award | 2024-09-03 Corresponding to 1446-02-30 |
| Contract Subject Matter | Water Purchase Agreements (WPA) |
| The Entity with Which the Contract was Signed | Sharjah Electricity, Water and Gas Authority (SEWA). |
| Date of Signing the Contract | 2024-09-03 Corresponding to 1446-02-30 |
| Contract Value | SAR 2.56 billion (US$ 0.68 billion). |
| Contract Details | Development, design, financing, engineering, procurement, construction, commissioning, completion, testing, ownership, operation, maintenance, and insurance of ~410,000 m3/day IWP at Hamriyah Sharjah. |
| Contract Duration | 30 years |
| Financial Impact and the Relevant Period | The full financial impact of the contracted revenues is expected to be reflected after the Commercial Operation Dates (PCOD) expected by the Second quarter of 2028 |
| Related Parties | NA |
