NWC Partners With Aguas De Valencia To Enhance Wastewater Treatment In Taif
The National Water Company (NWC) has entered into a long-term operation and maintenance contract with Spanish firm Aguas de Valencia. This 15-year agreement focuses on rehabilitating, operating, and maintaining two wastewater treatment plants in Taif Governorate. The initiative aims to attract private sector investment to enhance environmental sustainability and boost the water sector's growth.
The contract was signed by NWC chief executive Dr. Fouad Al Sheikh Mubarak and Aguas de Valencia General Manager Severino Ramos at NWC headquarters in Jeddah. Senior officials from both organisations attended the signing ceremony. The contract is valued at over SAR555 million ($148 million) and involves a tariff level of SAR 0.67 per cubic meter ($0.18 per cubic meter).
The project involves rehabilitating, operating, and maintaining two wastewater treatment plants in Taif Governorate. These plants have a combined treatment capacity of 147,000 cubic meters per day. This deal is part of NWC's broader strategy to sign contracts for 113 existing wastewater treatment plants, which have a total capacity of 2.4 million cubic meters per day, starting in 2024.
NWC aims to support the national economy by promoting growth in the water sector and providing investment opportunities for local and international companies. The company seeks to establish long-term partnerships with private sectors both locally and globally.
The innovative model aims to attract modern technologies and transfer knowledge to national cadres. This approach is designed to initiate partnerships that interest operating companies within local and global alliances. The project is expected to bring advanced technological solutions to the wastewater treatment sector in Saudi Arabia.
Financial Details
| Contract Value | SAR555 million ($148 million) |
|---|---|
| Tariff Level | SAR 0.67 per cubic meter ($0.18 per cubic meter) |
| Total Treatment Capacity | 147,000 cubic meters per day |
This contract is a significant step towards achieving environmental sustainability while also increasing investment in the water sector. By involving the private sector, NWC aims to leverage modern technologies and expertise to improve the efficiency and effectiveness of its wastewater treatment operations.
The collaboration between NWC and Aguas de Valencia marks a milestone in Saudi Arabia's efforts to enhance its water infrastructure through strategic partnerships with international firms. This initiative is expected to set a precedent for future collaborations aimed at bolstering the country's water management capabilities.
With inputs from SPA
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