Riyadh-based ACWA Power emerged as the lowest bidder for Abu Dhabi’s Taweelah reverse osmosis desalination plant, MEED reported on Monday.
It was followed by a consortium led by France’s Engie and Japanese Marubeni Corp.
Other shortlisted bids for the desalination plant included Japan’s Sumitomo Corp, Malaysian Malakoff International, Veolia, Spain’s Valoriza, the UAE-based Utico, France’s Suez, and Sojitz Corporation.
The selected developer/consortium will own up to 40 percent of a special purpose vehicle (SPV) with the rest held directly or indirectly by the Department of Energy (DoE) in Abu Dhabi.
Construction is scheduled for 2020-21 and commercial operations are due to start in 2022.
Comments
{{DisplayName}}
{{ElapsedTime}}