ITOCHU and Sasakura to Receive Order for Project to Expand the Existing Shuaiba Phase 2 Seawater Desalination Plant in Saudi Arabia
January 16, 2015
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that ITOCHU and Sasakura Engineering Co., Ltd. (headquartered in Osaka, Osaka Prefecture; Toshihiko Sasakura, President; hereinafter “Sasakura”) have obtained confirmation that the Arabian Company and Sasakura for Water & Power (headquartered in Riyadh, Saudi Arabia; hereinafter “APS”), a joint venture with local capital in the Kingdom will receive an order for a full turnkey project to expand the existing Shuaiba Phase 2 Seawater Desalination Plant of Saline Water Conversion Corporation (hereinafter “SWCC”) in the Kingdom of Saudi Arabia. The order, which totals US$120 million (approximately 14 billion yen), represents the next large order received in Saudi Arabia following the one for the restoration of a seawater desalination plant received last September. It is multi-effect distillation with thermal vapor compression (MED-TVC) type desalination plant that has a daily capacity of 91,200 metric tons per unit, making it one of the largest plants of its kind in the world. The tender was bidden last June, for which APS and two other companies made bids. ASP ultimately won the bid. The technological strengths of APS and Sasakura were highly rated by SWCC in its review of the bids, offering greater water volume generation and energy saving performance than the competitors.
Order outline
| Client | Saline Water Conversion Corporation |
|---|---|
| Principal contractor | Arabian Company and Sasakura for Water & Power (APS) |
| Amount | Approximately 14 billion yen |
| Project overview |
Expansion of the existing Shuaiba Phase 2 Seawater Desalination Plant The full turnkey construction of single multi-effect distillation with thermal vapor compression (MED-TVC) plant unit, including supplementary equipment, with a daily capacity of 91,200 metric tons per unit. |
| Period | 20 months |
Outline of joint venture
| Corporate name | Arabian Company and Sasakura for Water & Power (APS) |
|---|---|
| Capital | SR 2,000,000 (2 million Saudi riyals, equivalent to approximately 63 million yen) |
| Head office | Riyadh, the Kingdom of Saudi Arabia |
| Ownership |
ACWA Holding 50% Sasakura Engineering Co., Ltd. 35.1% ITOCHU Corporation 14.9% |