Shuweihat S3 IPP
Shuweihat S3 IPP - a Independent Water & Power Project in UAE. Capacity 1.6 GW. Winning consortium: KEPCO + Sumitomo. Status: Operational.
- Country
- UAE
- Procurer
- ADWEA
- City / region
- Shuweihat, Abu Dhabi
- Capacity
- 1.6 GW
- Status
- Operational
- Power tariff
- Not publicly disclosed
Winning consortium
KEPCO + Sumitomo - equity: TAQA 60% / KEPCO ~20% / Sumitomo ~20%
Procurement timeline
- RFP: 2010
- Bid submission: 2010
- Preferred bidder: Feb 2011
- Commercial close: 2011
- Financial close: 2011
- PCOD: 2014
Financing
- Capex: USD 1.5 bn
- Debt: USD 1.1 bn
- Lenders: Int'l + regional + KEXIM cover
- Tenor: Long-tenor PF
Technical scope
Process: CCGT (no desal)
Abu Dhabi's first standalone IPP
Notes
First IPP without desal in UAE.
EPC contractor: Hyundai Heavy
Sources
Open the full IWPP / IPP benchmark →Part of the GulfInfra · GCC Infrastructure Library - a free open-source benchmark of 136 public-private partnership procurements across the GCC. Methodology: how we build this.