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ACCIONA SUBMITS LOWEST BID FOR SAADIYAT ISLAND IWP

30 July 2024 By Jennifer Aguinaldo

The 60 MIGD plant is Abu Dhabi's fourth independent water project

 

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Spain's Acciona has submitted the lowest bid for a contract to develop and
operate the Saadiyat Island independent water producer (IWP) project in Abu
Dhabi.

Abu Dhabi-based offtaker Emirates Water & Electricity Company (Ewec) received
bids for the contract on 12 July.

The planned seawater reverse osmosis (SWRO) IWP is expected to have the capacity
to treat 60 million imperial gallons a day (MIGD) of water.

Acciona proposed a levelised cost of water (LCW) of AED12.19166 ($3.319) a
thousand imperial gallons (TIG), which is roughly equivalent to $cents 73.1 a
cubic metre.

The other bidders submitted the following prices: 

 * GS Inima (South Korea/Spain): AED12.4115/TIG
 * Engie (France): AED 12.62119/TIG
 * Aqualia (Spain) / Orascom (Egypt): AED14.42924/TIG

The Saadiyat SWRO plant is the emirate’s fourth IWP scheme, following Taweelah,
Mirfa 2 and Shuweihat 4.

According to a source close to the project, the prices submitted for the
Saadiyat IWP are higher than those submitted in 2022 for the Mirfa 2 and
Shuweihat 4 schemes due to the inclusion of a new electrical facility in the
project's scope.

Last year, France's Engie won the contract to develop the 200 MIGD Mirfa 2 and
offered to develop the plant for $cents 48.32 a cubic metre ($c/cm)

Madrid-headquartered GS Inima won the contract to develop the 70 MIGD Shuweihat
4 IWP, proposing an LCW of $c/cm 56.43.

When it was tendered in July last year, the original scheme – called Abu Dhabi
Islands IWP –  comprised two SWRO plants, each with a capacity of 50 MIGD, to be
located on Saadiyat and Hudayriat islands in Abu Dhabi.

The project’s scope was eventually changed, resulting in the cancellation of the
Hudayriat Island IWP.

According to industry sources, Ewec is considering procuring a new IWP with a
capacity of 90 MIGD.

The proposed location for the new projects is either Al-Nouf or Taweelah in the
emirate of Abu Dhabi.

As in previously tendered IWPs, the successful developer or consortium will own
up to 40% of a special-purpose vehicle that will implement the Saadiyat IWP
project, while the Abu Dhabi government will primarily hold the remaining equity
indirectly.






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