Utilities | Gulf Investment Corporation

Al-WAKRA and Al-WUKAIR

Al Wakra Water Contracting Company (“AlWakra”) is an independent Sewage Water Treatment Project (“ISWTP”)

Located in the State of Qatar that is developed on a Build-Own-Operate-Transfer (BOOT) basis and under a 25-year off-take agreement. The plant has a treatment capacity of 150,000 m³/day together with associated facilities. The Project expects to achieve a commercial operation date in 2026. GIC owns 25% in the company. In addition, GIC will own 16.5% of the operation & maintenance company that will operate AlWakra plant.

JUBAIL WATER AND POWER

Jubail Water and Power (JWAP) is the world’s largest Independent Water & Power Project (IWPP)

located in Saudi Arabia that was developed on a Build-Own-Operate-Transfer (BOOT) basis and under a 25-year off-take agreement. The plant has power capacity of 2,750MW and water capacity of 800,000 m3/day (176 MIGD). The project achieved commercial operation status in 2010. GIC owns 20% of the company.

AL-DUR POWER AND WATER COMPANY

Al-Dur Power and Water Company (ADPWC) is the largest Independent Water & Power Project (IWPP)

located in Bahrain that was developed on a Build-Operate-Own (BOO) basis and under a 25-year off-take agreement. The plant has power capacity of 1,240MW and water capacity of 218,000 m3/day (49 MIGD). The project achieved commercial operations status in 2012. GIC owns 25% of the company.

SHUQAIQ WATER & ELECTRICITY COMPANY

Shuqaiq International Water & Electricity Company (SQWEC) is an Independent Water & Power Project (IWPP)

located in Saudi Arabia that was developed on a Build-Operate-Own (BOO) basis and under a 20-year off-take agreement. The plant has power capacity of 950MW and water capacity of 212,000 m3/day (47 MIGD). The project achieved commercial operation status in 2011. GIC owns 20% of the company.

AL-EZZEL POWER COMPANY

Al-Ezzel Power Company (AEPC) is the first Independent Power Project (IPP) located in Bahrain

that was developed on a Build-Operate-Own (BOO) basis and under a 20-year off-take agreement. The plant has a power capacity of 950MW and achieved commercial operation status in 2007. GIC owns 45% of the company.

RAS LAFFAN POWER COMPANY

Ras Laffan Power Company (RLPC) is an Independent Power Project (IPP) located in Qatar

that was developed on a Build-Own-Operate-Transfer (BOOT) basis and under a 25 year off-take agreement. The plant has a power capacity of 750MW and a water capacity of 181,000 m3/day and achieved commercial operation status in 2004. GIC owns 10% of the company.

SHAMS AD-DHAHIRA GENERATING COMPANY

Shams Ad-Dhahira Generating Company is the first Solar Photovoltaic (PV) Independent Power Project (IPP)

in the Sultanate of Oman that will be developed on a Build-Own-Operate (BOO) basis and under a 15-year off-take agreement. The plant will generate a power capacity of 500MW. The plant achieved commercial operation status in 2021. GIC owns 40% of company.

BAHRAIN LNG

Bahrain LNG is the first Liquefied National Gas (LNG) facility located in Bahrain that has been developed

on a Public-Private Partnership (PPP) basis and under a 20-year off-take agreement. With a capacity of 800 million cubic feet per day, the project achieved commercial operation status in 2020. Gulf Investment Corporation owns 24% of the company.

Website: www.bahrainlng.com

JAZLAH WATER DESALINATION COMPANY

Jazlah Water Desalination Company owns Jubail 3A, which is set to be one of KSA’s largest Independent Water Project (IWP)

that is being developed on a Build-Own-Operate (BOO) basis and under a 25-year off-take agreement. The plant will have a peak water capacity of 600,000 m3/day. The project is set to achieve commercial operation status in Q4 2022. GIC owns 40% of the company.

Shuaa Energy 3

Shuaa Energy 3 owns DEWA V, which is the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park.

The plant will produce 900MW using PV technology to be developed under a 25-year BOO basis. Phase one of the project was completed and operational in July 2021, with total completion expected in 2023. GIC owns 16% of the project

Juranah Water Reservoir Company

Juranah Water Reservoir Company, GIC in partnership with Vision Invest and TAQA, has been awarded, the Independent Strategic Water Reservoirs Project, a first of its kind water storage facility in the Kingdom of Saudi Arabia under a thirty-year BOOT (Build, Own, Operate, Transfer) agreement. With a storage capacity of 2,000,000 cubic meters, the project is set to achieve commercial operations in Q1 2027. GIC owns 30% of the project company which will build and operate the facility

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