ADWEA revs up for F2 project

28 September 2006
Abu Dhabi Water & Electricity Authority (ADWEA) has launched its seventh independent water and power project (IWPP), inviting developers to express their interest in bidding by 15 October for the Fujairah 2 (F2) project. F2 will be the largest grassroots IWPP so far in the ADWEA programme, involving the construction of a 2,000-MW and a 100 million-gallon-a-day cogeneration plant. The plant will be located next to the Fujairah 1 IWPP, for which Singapores SembCorp Utilities was selected as foreign developer in July (MEED 7:7:06).
Developers, which express interest in F2, will be given a statement of qualifications to be submitted by 25 October. The request for proposals is expected to be issued to qualified companies by the end of the year.

As with previous ADWEA IWPPs, the successful bidder will take a 40 per cent stake in

a new project company, which will build, own and operate the plant. The project company

will sign a power and water purchase agreement with ADWEA, which will also be responsible for the supply of the gas feedstock.

ADWEA has retained the same advisory team on F2 as for its recent IWPPs. It is made up of HSBC (financial), Fichtner (technical) and White & Case (legal).

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