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Adwea invites bids for fifth power project
The Abu Dhabi Water and Electricity Authority (ADWEA) has invited tenders for its fifth and latest Independent Water and Power Project (IWPP) at the Al Mirfa Power and Water Plant.
The move follows the execution of the IWPP projects at Taweelah A1, Taweelah A2, Shuweihat S1 and Umm Al Nar, Abdulla Said Al Nuaimi, director of the Privatisation Directorate of ADWEA said in the capital yesterday. The Al Mirfa plant is a new 600-700MW facility, located about 170km from Abu Dhabi and 5km from the town of Al Mirfa.
Companies tendering for the Al Mirfa IWPP are likely to include International Power, Total, Mitsubishi and CMS. He also said that the HSBC Bank and White & Case LLP, two of the companies advising ADWEA on Al Mirfa project, will be represented on a panel at the forthcoming second annual meeting of Power-Gen Middle East's special conference track focusing on Iraq's power infrastructure.
Al Nuaimi however made it clear that ADWEA, as of now, is paying attention to the ongoing local projects and others on the anvil.
Currently, ADWEA, wholly-owned by the Government of Abu Dhabi, and responsible for implementing the Government's policy on privatisation of the water and electricity sector, is engaged in the commissioning and implementation of a number of IWPPs.
ADWEA retains 60 per cent ownership on behalf of the Government with 40 per cent allotted to the strategic partner in a special purpose vehicle (SPV).
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