Hassyan SWRO IWP
Hassyan SWRO IWP - a Seawater Reverse Osmosis Independent Water Project in UAE. Capacity 818k m³/d. Winning consortium: ACWA Power (DEWA equity). Water tariff: USD $0.365/m³. Status: Construction.
- Country
- UAE
- Procurer
- DEWA
- City / region
- Hassyan, Dubai
- Capacity
- 818k m³/d
- Status
- Construction
- Water tariff
- USD $0.365/m³
Winning consortium
ACWA Power (DEWA equity) - equity: DEWA 60% / ACWA 40%
Procurement timeline
- RFP: Q1 2023
- Bid submission: May 2023
- Preferred bidder: Aug 2023
- Commercial close: 2024
- Financial close: Apr 2024
- PCOD: 2026
Prequalified bidders
2 PQ
- ACWA Power
- TAQA
Runner-up bidders & tariffs
- TAQA - Higher (exact undisclosed)
Financing
- Capex: AED 3.377 bn (USD 920M)
- Lenders: StanChart, SMBC, MUFG, FAB, ICBC, KDB (market reports)
- Tenor: Long-dated; PFI MEA Deal of the Year 2024
Technical scope
Process: SWRO + energy recovery (ISO 14001 green)
World-record USD 0.365/m³ at award; first IWP-format SWRO below USD 0.40/m³; 180 MIGD
Notes
Base bid $0.389/m³ (120 MIGD); alt-proposal $0.365/m³ (180 MIGD) won.
EPC contractor: Sidem (Veolia) + SEPCO III JV
Sources
Open the full SWRO IWP 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.