Abu Dhabi Water & Electricity Authority (Adwea) has prequalified 15 companies for the Shuweihat 3 independent power project (IPP).

Adwea is planning to bring Shuweihat 3 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 following companies have been prequalified:

  • Acwa Power (Saudi Arabia)
  • General Electric (US)
  • International Power (UK)
  • Korean Electric Power Company (South Korea)
  • Marubeni (Japan)
  • Mitsubishi Corporation (Japan)
  • Mitsui & Co (Japan)
  • Powertek Berhad (Malaysia)
  • Sembcorp Utilities (Singapore)
  • Shikoku Electric Power Company (Japan)
  • Sojitz Corporation (Japan)
  • Suez Tractebel (Belgium)
  • Sumitomo Corporation (Japan)
  • Tenaga Nasional Berhad (Malaysia)
  • Tokyo Electric Power Company (Japan)

The UK’s HSBC was recently selected as financial adviser on the project (MEED 25:2:10).

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