Taweelah B IWPP

Taweelah B IWPP - a Independent Water & Power Project in UAE. Capacity 2.2 GW. Winning consortium: Marubeni-led (Asia-Gulf Power Holding). Status: Operational.

Country

UAE

Procurer

ADWEA

City / region

Taweelah, Abu Dhabi

Capacity

2.2 GW

Status

Operational

Power tariff

Not publicly disclosed

Winning consortium

Marubeni-led (Asia-Gulf Power Holding) - equity: ADWEA/TAQA 60% / Marubeni+JGC+BTU+Powertek+Kyuden 40%

Procurement timeline

• RFP: 2004
• Bid submission: 11 Jul 2004
• Preferred bidder: 2005
• Commercial close: 18 Jan 2006
• Financial close: Apr 2006
• PCOD: 2008-09

Prequalified bidders

3 PQ

• Marubeni/JGC/BTU/Powertek
• Tractebel + IPR
• Total

Runner-up bidders & tariffs

• Tractebel/IPR - USD 1.59 bn brownfield
• Total - USD 1.336 bn brownfield

Financing

• Capex: ~USD 3.0 bn
• Debt: USD 2.6 bn (largest UAE utility PF at time)
• Lenders: 15-bank syndicate incl. JBIC
• Tenor: Long-tenor PF

Technical scope

Process: CCGT + MSF

Brownfield acquisition + greenfield extension. 730k m³/d desal

Notes

PWPA expires Oct 2028.

EPC contractor: Mitsubishi + Doosan (extension)

Sources

• IJGlobal
• Kyuden

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