Saudi Arabia: Integrated Independent Water and Power Projects (IWPP)

In July 2002, the Supreme Economic Council passed a resolution setting out a framework for private sector involvement in developing mega-scale integrated Independent Water and Power Projects ( IWPPs ). In March 2004, Saudi Arabia announced a plan to launch ten IWPPs by 2016, at a total cost of $16 billion. The (Saudi Electricity Company) SEC has already approved four such mega-projects, worth more than $8 billion. The combined production capacity of the four projects will produce more than 7000 MW of power and 600 million gallons of water daily. They will boost the total desalination capacity of the kingdom by 80 per cent when the come online between 2008 and 2010.

Date Implemented: 2002

Status: In Force; Voluntary

Funding Information: Saudi Arabia aims to attract private sector investment for up to 60 percent equity in IWPP projects, with the remainder split between Public Investment Fund (PIF) and the Saudi Electricity Company (SEC).

References:http://www.eia.doe.gov/emeu/cabs/Saudi_Arabia/Electricity.html