Rabigh Arabian Water & Electricity Company, Ltd.
The Rabigh IWSPP has been established to produce and supply utilities to the Rabigh Refining and Petrochemical Company (Petro Rabigh); jointly owned by Saudi Aramco and Sumitomo Chemical.
RAWEC, registered and head-quartered in Rabigh, Kingdom of Saudi Arabia, is a special purpose company created to develop, own, and operate the Rabigh IWSPP. RAWEC is owned by lead partner ACWA Power (37%), Marubeni (37%), JGC (25%) and Petro Rabigh (1%). The basis for a successful business relationship between RAWEC and Petro Rabigh was formalized by the Water and Energy Conversion Agreement (WECA) in April 7, 2005.
In 2014, RAWEC took a conscious decision to contract its O&M activities to Rabigh Power Company (RPC), through an O&M Agreement. RPC, established in May 2014, is owned by ACWA Power subsidiary, NOMAC (51%), Marubeni (34%) and JGC (15%).
The strong partnership between RAWEC and Petro Rabigh became more pronounced when both parties entered into an amendment to its existing WECA to build, own and operate Rabigh IWSPP 2 (Phase 2) for supplying the complex additional utilities to its Rabigh 2 expansion. The amended and restated WECA became effective on March 16, 2015 and will expire on the 25th anniversary of the commencement of the Phase 2 Commercial Operation Date.
During the initial phase, through IWSPP 1, the facility was able to generate 600 MW of Power, 4,230 t/h of Steam and 8,000 t/h Water. The integrated plant, consisting of IWSPP 1 and IWSPP 2, has an installed capacity to 840 MW Power, 6,110 t/h Steam and 12,000 t/h Water to meet the demand of the expanded Petro Rabigh Complex.