Pursuant to Resolution 494 (dated 5/8/1438H) of the Council of Ministers, the scope of work of “Water & Electricity L.L.C” is expanding as the Principal Offtaker for d esalinated, filtered water as well as treated and un-treated water. Further, WEC is transitioning for the transfer of ownership to the government, with the agreement on corporate governance and contracted projects. Earlier, following the Resolution 5/23 of Supreme Economic Council, WEC was established as a Limited Liability Company (LLC) in 2003. WEC’s corporate purpose is the sale and purchase of water and electricity and all required ancillary activities. WEC will be the counterparty under the PWPA and will buy the Project’s water and electricity. WEC will in turn sell this water and electricity on to SWCC and SEC respectively.
