* The final cost of water at Shoaiba is reported to be 213.79 halalas/m3 ($0.57/m3), comprised of a capacity charge of 193.65 halalas/m3 ($0.516/m3), a fixed O&M charge of 12.25 halalas/m3 ($0.032/m3), and a variable O&M charge of 7.889 halalas/m3 ($0.021/m3).

It will inevitably be compared with the cost of water from other desalination projects. However, the tariff does not include fuel costs and the project uses an energy conversion agreement (ECA) to provide fuel to the developers at minimal cost.

* As well as the financing documents for Shoaiba, an approximate $2,175 million EPC contract has been signed with the consortium of Siemens Power...

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