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INFRASTRUCTURE-
#1- Bidders queue up for Jubail-Buraydah water pipeline project: Two private-sector consortiums have submitted their bids to the Saudi Water Partnership Company (SWPC) for the development of the Jubail-Buraydah independent water transmission pipeline, according to a statement. SWPC will now evaluate bids from one consortium featuring Aljomaih Energy and Water Company, Buhur for Investment Company, and Nesma and another consortium comprising Vision Invest and Taqa. The 587-km water pipeline will have a transmission capacity of 650k m sq per day, and is scheduled to come online in 1Q 2029.
#2- The National Water Company broke ground on the second phase of its water network in the southern cities of Najran and Sharur, according to state news agency SPA. The phase saw the installation of 319 km water transmission lines to supply water to an estimated 106k households. Information about the investment size wasn’t publicly available.
#3- The installation of the first transformer at a station that’s part of the Saudi-Egypt electricity interconnection project has commenced, according to a statement from the Egyptian Electricity Ministry. The transformer, which is being installed at a 500 kV station in Badr City, is reportedly “the first of its kind in the Middle East in terms of size, manufacturing technology, [and] operation,” the statement reads.
REMEMBER- The project connecting Saudi and Egypt’s power grids is 60% complete with electrical conduits currently being installed in the Gulf of Aqaba to convey 8 submarine cables. The 3 GW interconnection project is scheduled to be completed in two phases. The first 1.5 GW phase is slated to go live in July 2025 and the second one in early 2026, Asharq Business reports, citing an unnamed Egyptian government source.
RENEWABLES-
Acwa Power is among several companies bidding for plots to set up renewable energy projects in Egypt, after the country’s New and Renewable Energy Authority allocated land for the projects, Al Mal reports, citing unnamed sources from Egypt’s Electricity Ministry sources. The plots up for grabs span an area of 31k km and the total production capacity expected from these projects is estimated at 113 GW. Other potential bidders include Orascom Construction, the UAE’s Masdar and Al Nowais, and Norway’s Scatec.
