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“With reference to our above intimation dated September 06, 2024, relating to the 300 MLD Mega Sea Water Desalination Plant Order in the Kingdom of Saudi Arabia, we hereby inform you that the Customer has notified all tender participants on December 16, 2024, that the said tender stands cancelled pursuant to their internal administrative procedures,” VA Tech Wabag said in a regulatory filing.
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The company, in an update, stated that the Saudi Water Authority informed all tender participants on December 16, 2024, about the cancellation due to internal administrative procedures. Va Tech Wabag is engaging with the customer to understand the reasons behind the decision.
The EPCC contract includes the scope of design, engineering, supply, construction and commissioning of the 300 MLD Mega Desalination Plant, which will be developed on a greenfield site located on the west coast of KSA, south of the Red Sea-facing city Yanbu al-Bahr.
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The plant will be built with state-of-the-art desalination technologies, designed for superior energy efficiency and will produce stellar quality water complying with the environmental regulations of the KSA.
Shares of VA Tech Wabag Ltd ended at ₹1,883.45, down by ₹3.10, or 0.16% on the BSE.
