Marafiq Jubail IWPP

Thermal MED + power, 800,000 m3/day, with about 2,750 MW of power in Saudi Arabia.

Operational

The record

Country: Saudi Arabia
Location: Jubail
Coordinates: 27.070, 49.610
Technology: Thermal MED + power
Capacity: 800,000 m3/day, with about 2,750 MW of power
Capital cost: —
Stage: Operational
Owner or client: Jubail Water and Power Company; power and water purchase agreement with Marafiq and the Saline Water Conversion Corporation
Contractor: GE Energy, Hyundai Heavy Industries and Sidem
Operator: Jubail O&M Company (JOMEL)
Finance: Project finance, US$3.4 billion debt package including a US$550 million equity bridge, a US$600 million Islamic tranche, a US$1.6 billion 22-year commercial loan and a US$650 million KEIC-covered portion; sponsors Suez Energy 20 per cent, Gulf Investment Corporation 20 per cent, ACWA Power Projects 20 per cent, PIF, Saudi Electricity Company and Marafiq 40 per cent
Award or start year: 2007
Commissioned: 2010

Record last checked 2026-09-18.

4 references

Every field in the record above is taken from the references below. A field that none of them confirms prints as a dash.

IJGlobal case study, Marafiq IWPP: busting benchmarks, now hosted at Green Street. infrastructure.greenstreet.com.
2,750 MW and 800,000 m3/day, EPC by GE Energy, Hyundai Heavy Industries and Sidem, US$3.4 billion debt package, financial close early May 2007, 20-year power and water purchase agreement initialled 20 December 2006 and signed 6 January 2007 with a Ministry of Finance guarantee, 20-year BOOT concession, scheduled online Q3 2009, sponsors Suez Energy, Gulf Investment Corporation and ACWA Power Projects with 20 per cent each and PIF, SEC and Marafiq with 40 per cent combined.
Coordinates from OpenStreetMap, Marafiq Jubail IWPP, 2,744 MW. openstreetmap.org.
MENA Water Review major projects register and PPP pipeline — compiled from procurer publications, development-bank project pages and trade reporting; each record names its source.

Marafiq's own project page could not be reached from here, the host refused the connection.