The bond would come less than two weeks after the launch of a $3 billion project bond by a subsidiary of Abu Dhabi National Oil Company (ADNOC) which, having attracted orders in excess of $11 billion while it was being marketed, showed investors’ appetite for these issues. Such debt instruments are relatively new financing tools in the Middle East, where projects have traditionally been financed through bank loans because of banks’ high liquidity before oil prices dropped three years ago. Citigroup and HSBC are expected to lead the transaction, said the sources. The desalination plant, called Fujairah 1 Independent Water and Power Plant, is jointly owned by Abu Dhabi Water & Electricity Authority (ADWEA) with a 60 percent stake and Sembcorp Gulf Holding Co, a unit of Singapore’s Sembcorp Industries, with a 40 percent stake. HSBC declined to comment. ADWEA and Citi did not respond to requests for comment.
Tuas Power – Singapore Technologies Marine Consortium to build next desalination plant – Singapore – Jurong Island
National water agency the Public Utilities Board (PUB)has chosen Tuas Power–Singapore Technologies Marine Consortium as the preferred bidder to build Singapore’s fifth desalination plant, to be located on Jurong Island. Of the four applicants invited to submit their proposals for the plant, the consortium quoted the most competitive first-year price of S$0.91 per cubic metre, the agency said in a press release yesterday. The consortium will form a concession company to enter into a Water Purchase Agreement with the PUB by next month. The plant is expected to begin operations in 2020 — along with the fourth desalination plant in Marina East — and will supply desalinated water to the PUB from 2020 to 2045. This is expected to add 30 million gallons daily, or about 137,000 cubic metres of water a day, to the nation’s water supply….. In June, Mr Masagos Zulkifli, the Environment and Water Resources Minister, said that Singapore’s demand for water is expected to more than double by 2060. The authorities will be boosting the capacities of NEWater and desalination water so that both can meet higher demand by then. …
The first of its kind in Singapore, the Keppel Marina East Desalination Plant will be a large-scale dual-mode desalination plant in Singapore that can treat both seawater and freshwater. Depending on wet or dry weather conditions, water is channelled either from the Marina Reservoir or the sea to the plant, where it will be treated.
Slated for completion by 2020, the Keppel Marina East Desalination Plant will feature a sleek modern design that breaks away from that of conventional water treatment plants. Against the backdrop of Singapore’s CBD skyline, the plant is set along the Eastern Coastal Park Connector Network that bridges East Coast Park and Gardens by the Bay East. All of the plant’s water treatment equipment will be located underground, topped off by a gently sloping green lawn as its roof.