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FINANCIAL NEWS
Abu Dhabi’s Adwea pre-selects 6 bidders for water, power project
19 Jan 2013
(MENAFN) Abu Dhabi Water & Electricity Authority (Adwea) has pre-selected six international consortiums for its ninth independent water and power project (IWPP), Reuters reported.
Adwea general director Abdulla Saif al Nuaimi expected the winning bidder to be selected in July 2013.
The six pre-qualified consortiums are led by Japan’s Marubeni, GDF-Suez, Singapore’s SembCorp , Japan’s Sumitomo Corporation, France’s EDF and Korea’s Doosan Heavy Industries.
The selected developer will take a 40 percent stake in a special purpose company in which Adewea will hold the rest.
The Mirfa project is a 1,500-megawatt (MW) and 55 million gallon per day plant, which will be located on the Gulf coast 160km from Abu Dhabi.
Abu Dhabi produces more than 9,000 MW of electricity from its eight independent water and power projects, most of which is consumed in Abu Dhabi and about 22 percent exported to the northern emirates, according to latest Adwea statistics.
Demand is forecast to grow at 11.3 percent annually in Abu Dhabi up to 2015.
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