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    Altaaqa - Water Treatment: Energy Group

    Uploaded by

    Ashraf Bayomi
    The document discusses three water projects: 1) The Rabigh BOOT Desalination Plant, a 10,000 m3/day plant in Saudi Arabia operated by MUWDC under a 20-year contract. It was financed through equity and loans. 2) Moya Holding Company, a Bahraini company that invested in water projects through subsidiaries like Moya Bushnak, which operated Saudi Arabia's first privately owned desalination plant. 3) Altaaqa, a subsidiary of the Zahid Group, previously invested 20% in Moya but no longer holds interest.

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    Altaaqa - Water Treatment: Energy Group

    Uploaded by

    Ashraf Bayomi
    45 views4 pages
    The document discusses three water projects: 1) The Rabigh BOOT Desalination Plant, a 10,000 m3/day plant in Saudi Arabia operated by MUWDC under a 20-year contract. It was financed through equity and loans. 2) Moya Holding Company, a Bahraini company that invested in water projects through subsidiaries like Moya Bushnak, which operated Saudi Arabia's first privately owned desalination plant. 3) Altaaqa, a subsidiary of the Zahid Group, previously invested 20% in Moya but no longer holds interest.

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    Water Updates

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    The document discusses three water projects: 1) The Rabigh BOOT Desalination Plant, a 10,000 m3/day plant in Saudi Arabia operated by MUWDC under a 20-year contract. It was financed through equity and loans. 2) Moya Holding Company, a Bahraini company that invested in water projects through subsidiaries like Moya Bushnak, which operated Saudi Arabia's first privately owned desalination plant. 3) Altaaqa, a subsidiary of the Zahid Group, previously invested 20% in Moya but no longer holds interest.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    45 views4 pages

    Altaaqa - Water Treatment: Energy Group

    Uploaded by

    Ashraf Bayomi
    The document discusses three water projects: 1) The Rabigh BOOT Desalination Plant, a 10,000 m3/day plant in Saudi Arabia operated by MUWDC under a 20-year contract. It was financed through equity and loans. 2) Moya Holding Company, a Bahraini company that invested in water projects through subsidiaries like Moya Bushnak, which operated Saudi Arabia's first privately owned desalination plant. 3) Altaaqa, a subsidiary of the Zahid Group, previously invested 20% in Moya but no longer holds interest.

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    ENERGY GROUP

    Altaaqa - Water Treatment

    Modular Containerised or Skid Mounted Desalination

     50 - 10,000 m3/day

     200 – 50,000 people served 3000 M3/D SWRO Plant - EMAAR

     Sea water or ground water source

     High efficiency

     High water recovery


    100 M3/D SWRO RO Plant - DAMMAM

     Top class components

     Built to last

    200 M3/D SWRO Plant - OBHUR 1


    ENERGY GROUP

    Altaaqa - Wastewater Treatment

    Modular Packaged Wastewater Treatment

     Advanced T-MBBR technology

     Small Footprint 1000 M3/D Plant - EMAAR

     Simple Operation

     Energy Efficient

     No Biological Sludge Produced


    300 M3/D Plant - ROYAL PALACE

     Rapid Deployment

     150m3/day to 3,000m3/day

     Serving from 500 to 20,000 people


    1000 M3/D Plant - INDUSTRIAL VALLEY
    2
    ENERGY GROUP

    Water Projects “Rabigh BOOT Desalination Plant”


    Company: Morden United Water Desalination Co.
    Project Overview
    2003, Saudi Aramco and a consortium comprises of SETE (project contractor), the US' Aquatech (technical partner) and Zahid Group
    (responsible for debt finance arrangements), signed EPC contract to develop, operate and maintain a 10.000 M 2 / day desalination plant in
    Rabigh Refinery under a 20 year BOOT

    The plant was commissioned in October 2005. Later Petrorabigh has taken over the refinery and a novation agreement has been entered by
    MUWDC with Aramco and Petrorabigh

    The desalination plant was designed to produce 6,000 cm/d of potable water and 4,000 cm/d of process water using multi-effect distillation
    (MED) technology provided by Aquatech, which also acts as the O&M partner to SETE

    Financing of the project

    The cost of the project was SR 68mn financed by equity, shareholders subordinated debt 35% and bank loans 65%

    The bank loan was supported by an assignment of Aramco payments. The Bank Loan interest was fixed for 10 years at 5.56% p.a. The
    shareholders' loan was priced at 6.5% p.a.

    Due to delay in uplifting the water by Aramco until October 2005, the project had a limited cash flow which was funded by delaying some
    installments of the sub-ordinated loans. MUWDC has entered back-to-back contracts in such a way that performance risk is passed through
    to EPC & OM contractors

    Equity holders %
    SETE Saudia 52.5%
    ​Zahid Group 37.5%​
    Aquatech International Corporation 10.0%
    3
    ENERGY GROUP

    Water Project “Moya Holding Company B.S.C”

    Moya was a closed joint stock company incorporated in the Kingdom of Bahrain in 2008 with a paid up share capital of
    USD 20 million

    Company’s objective was to invest in attractive water projects. Until October 2015, Moya had two operating
    subsidiaries - namely, Water and Environmental Services Company Limited (Moya Bushnak) and Moya Holdings Asia
    Ltd. (Moya Asia)

    Moya Bushnak was engaged in providing Engineering, Procurement and Construction (EPC), design and consultancy
    services in the Saudi Arabian water sector. It was a wholly-owned subsidiary of Moya’s until October 2015, when the
    Company sold it to a strategic buyer. The company’s flagship project and Saudi Arabia’s first privately owned sea water
    reverse osmosis desalination project (Kindasa) supplies desalinated water to the Industrial zones south of Jeddah area

    Zahid Group invested 20% of Moya’s capital through its subsidiary, Altaaqa for Alternative Solutions. Currently,
    Altaaqa does not hold any interest in Moya

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