Three in for Barka, Rusayl

30 June 2006

Three developer groups submitted proposals on 26 June for the brownfield independent water and power project (IWPP) involving the acquisition of the existing Rusayl station and the construction of the Barka 2 plant. The client, Oman Power & Water Procurement Company, is expected to make a selection in six-eight weeks (MEED 4:11:05).

The bidding groups are:a developer group of US-based AES Corporation and Dubai-based AES Oasis, with South Korea's Hyundai Heavy Industries as its nominated engineering, procurement and construction (EPC) contractor, and Calyon providing bank support;Japan's Marubeni Corporation, with Alstom Power and Veolia Water Systems, both of France, as its nominated EPC contractor, and Standard Chartered Bank providing bank support;a developer group of Belgium's Suez Tractebel and Abu Dhabi's Mubadala Development Company, with South Korea's Doosan Heavy Industries & Construction as its EPC contractor, and HSBC and Sumitomo-Mitsui Banking Corporation as its bank group.

Two other groups - the UK's International Power with Gulf Investment Corporation, and a Japanese consortium of Sojitz Corporation and The Kansai Electric Power Company - had been expected to bid. However, both declined due to issues with their nominated EPC contractors.

The Barka 2 station calls for the construction of a 700-MW, 26 million-gallon-a-day plant. First power is due in the second quarter of 2008, with full commissioning set for a year later. In addition to the new plant, the successful bidder will also acquire the existing 668-MW Rusayl plant.

The advisory team on the IWPP consists of ABN Amro, the UK's Black & Veatch Consulting and Berwin Leighton Paisner.

www.meed.com/powerwater

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications