According to a company statement, the mandated lead entities including Korea Development Bank, MUFG Bank, Siemens Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, First Abu Dhabi Bank and Samba Financial Group helped structure the first IWP non-recourse project finance debt for FEWA on a 24.5-year door-to-door tenor.
United Arab Emirates: A consortium consisting of ACWA Power and MDC Power Holding Company LLC, an entity fully owned by Mubadala Investment Company PJSC (Mubadala) along with the Federal Electricity & Water Authority (FEWA) has achieved the financial closure for the 150 MIGD Umm Al Quwain Independent Water Project (IWP) in the United Arab Emirates.
The mandated lead entities including Korea Development Bank, MUFG Bank, Siemens Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, First Abu Dhabi Bank and the Saudi American Bank helped structure the first IWP non-recourse project finance debt for FEWA on a 24.5-year door-to-door tenor.
Dubai Electricity and Water Authority (Dewa) has issued a Request for Proposal (RFP) to nine qualified bidders for the development of the Hassyan sea water reverse osmosis (SWRO) plant with a 120 million gallons per day (MIGD) capacity.
This is the first water desalination project that Dewa has undertaken that uses the Independent Water Producer (IWP) model, said a statement from the Dubai utility. The project is expected to start operations in 2023, it added.
For this SWRO project, Dewa said it had received a total of 34 requests for qualification (RFQs) till date. Subsequently, it evaluated them and shortlisted these nine pre-qualified bidders to submit their proposals. The last date for submitting the bids is January 31, 2020.
Dubai Electricity and Water Authority (DEWA) said it has issued a request for proposal to nine qualified bidders for the Hassyan plant. This is which is the first water desalination project that DEWA has undertaken that uses the independent water producer (IWP) model.
The event was held at the Dubai International Convention and Exhibition Centre under the theme Crossroads to Sustainability, and featured prominent seminars and discussion panels, as well as a prestigious prizegiving.
ACWA Power, a Saudi leader in the sectors of water desalination and conventional and renewable power generation worldwide, and its Operations and Maintenance arm, The First National Operation & Maintenance Co. (NOMAC), are expanding and fortifying their presence in the power and water market through a newly established entity – NOMAC Maintenance Energy Services (NMES).
Emirates Water and Electricity Company (EWEC), a subsidiary of Abu Dhabi Power Corporation (ADPower) and Saudi-based ACWA Power have confirmed the successful financial closing of the world’s largest reverse osmosis desalination plant.
A partnership of Abu Dhabi Power Corporation and Mubadala Investment Company holds a 60 percent equity interest in the Taweelah project with the remaining 40 percent held by ACWA Power, a statement said.
Emirates Water and Electricity Company, EWEC, a subsidiary of Abu Dhabi Power Corporation, ADPower, and Saudi Arabia’s ACWA Power have announced the successful financial closing of the world’s largest reverse osmosis desalination plant.
The new plant will be located at the Taweelah power and water desalination complex in Abu Dhabi, with completion expected in 2022. ADPower and Mubadala Investment Company hold a 60% equity interest in the Taweelah project while ACWA Power holds the remaining 40%.
The project is to cost AED3.19 billion, with funding sourced from a combination of senior project finance loans worth a total of AED2.71 billion, in addition to equity contributions from shareholders and operating cashflow from pre-operations.
Metito, the multinational global provider of intelligent water management solutions, is set to showcase its expertise in the field of desalination and water reuse at the International Desalination Association (IDA) World Congress 2019 to be held in Dubai.
One of the world’s most anticipated and prestigious desalination and water reuse event, IDA is bringing together leading global experts in desalination and water reuse to share their knowledge, expertise and latest technologies in this field.
The Italian firm said in a statement that the full-scope, turnkey service agreement with the independent water and power producer (IWPP) covers three dual fuel Siemens SGT5-4000F gas turbines and SGEN5-1000A air-cooled generators, coupled with a Siemens SST5-6000 Steam Turbine and SGEN5- 2000H hydrogen-cooled generator, including all related auxiliaries.