Five groups led by international developers – the UK’s International Power
, Belgium’s Tractebel
, France’s Total
, the US’ AES Corporation
and Japan’s Mitsui & Company
– are preparing to bid for the project, which calls for the construction of 2,400-MW and 79-million-gallons-a-day (g/d) power and desalination plant. Financial close and the signing of all the project agreements are scheduled for mid-2005, with first operations to start in late 2007.
and Samba Financial Group
are the financial advisers on the IWPP. A team comprising Germany’s Lahmeyer International
, the US’ Kuljian Engineering Corporation
and Austria’s ILF Consulting Engineers
are the technical advisers (MEED 20:8:04).
Proposals are due in from developers on 8 January for the Shouaiba IWPP, which is being handled by the Water & Electricity Company
. The plant will have capacity of 650-900 MW of power and 194 million g/d of water. Eleven groups and companies are prequalified to bid (MEED 6:8:04).