Shuweihat S2 IWPP

Shuweihat S2 IWPP - a Independent Water & Power Project in UAE. Capacity 1.5 GW. Winning consortium: Suez + TAQA + Marubeni + Osaka Gas. Status: Operational; refi 2013.

Country

UAE

Procurer

ADWEA

City / region

Shuweihat, Abu Dhabi

Capacity

1.5 GW

Status

Operational; refi 2013

Power tariff

Not publicly disclosed

Winning consortium

Suez + TAQA + Marubeni + Osaka Gas - equity: TAQA 54% / ADWEA 6% / ENGIE 20% / Marubeni 10% / Osaka Gas 10%

Procurement timeline

• RFP: 2008
• Bid submission: Jun 2008
• Preferred bidder: Jun 2008
• Commercial close: 2008
• Financial close: 2008-09
• PCOD: 2011

Financing

• Capex: ~USD 2.7 bn
• Debt: ~USD 2.0 bn refi 2013
• Lenders: Int'l + regional syndicate
• Tenor: Long-tenor

Technical scope

Process: CCGT + MSF

8th IWPP under Abu Dhabi BOO program

EPC contractor: Siemens + Hyundai E&C

Sources

• IJGlobal

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