Adwea grants deadline extension for Shuweihat S3

04 July 2010

Developers have until 26 July to respond to the request for proposals

Abu Dhabi Water & Electricity Authority (Adwea) has extended the deadline for bids to build the Shuweihat S3 independent power project (IPP).

The original 30 June deadline has been extended twice - to 15 July in the first instance and now to 26 July.

Following a meeting between the bidders and project sponsor in mid-April, six groups have secured bank support for their bids.

The UK’s International Power and Japan’s Tokyo Electric Power Company (Tepco) have been joined by Germany’s BayernLB and Japan’s Sumitomo Mitsui Banking Corporation (SMBC). The partnership is working with Japan’s Toshiba as an engineering procurement and construction (EPC) contractor and French firm Alstom for the supply of turbines.

Japan’s Marubeni and France’s Credit Agricole are joined by the UK’s Standard Chartered. Hyundai Engineering & Construction of South Korea has been selected by the bidding group for EPC work while Alstom would supply the turbines.

France’s Societe Generale has joined the group comprising Japan’s Mitsui Corporation and Bank of Tokyo Mitsubishi (BTMU). Japan-based Mitsubishi Heavy Industries and Alstom have been earmarked by the bidders for EPC and turbine supply respectively.

Japan’s Sumitomo Corporation and Korean Electric Power Company (Kepco) have partnered with France’s BNP Paribas and Japan’s Mizuho. The group is understood to be collaborating with South Korea’s Daewoo Engineering & Construction and Germany’s Siemens for the EPC work and Alstom for the turbines.

France’s GDF Suez has teamed up with Saudi Arabia’s Samba and France’s Natixis.

Two other prequalified developers, Malaysia’s Powertek Berhad and Tenaga Nasional Berhad, are also understood to have been involved in meetings with Adwea.

Saudi Arabia’s Acwa Power has partnered with South Korea’s Doosan Heavy Industries & Construction, but questions still remain regarding the company’s eligibility to bid (MEED 15:4:10).

Adwea prequalified 15 firms to bid on the development of the project. It plans to bring Shuweihat S3 online in mid-2013, with a successful developer holding 40 per cent of the equity in the project and Adwea holding the remaining 60 per cent.

The facility will be Adwea’s first IPP, as its previous projects have all included water supply.

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