Home Power plant Qatar appoints advisers for 2,300MW independent water and power project

Qatar appoints advisers for 2,300MW independent water and power project

Qatar General Electricity & Water Corporation ‘Kahramaa’ has appointed a new team of advisers for the planned Facility independent water and power project (IWPP), according to sources close to the project.
The new transaction advisory team includes UK-headquartered PwC and Clyde & Co as financial and legal advisers respectively, and Energo as a technical adviser.
The team has repaced an advisory consortium appointed for the project in 2017. It included the UK’s EY as a financial consultant, Finland’s Poyry as a technical consultant, and the UK’s DLA Piper as a legal adviser.
Kahramaa recently moved the tender closing date for the Facility E IWPP from 30 April to 27 August.
The client expects to sign water and project agreements with the successful bidder in April 2021 and reach financial close in October 2021.
The IWPP is expected to have a power generation capacity of approximately 2,300MW and a desalination component of 100 million imperial gallons a day ‘MIGD’ once fully operational.
It is understood the project aims to generate the first power and water from the plant in June and July 2023 respectively.
Full commercial operation will commence in June 2024.
The request for proposal ‘RFP’ issue was delayed as the client was assessing whether the project should proceed as originally planned, or undergo amendments to the scope due to changing demand forecasts.
Prequalified bidders for the project are understood to include:
Engie (France) / Mitsui (Japan)
Itochu (Japan)
Kepco (South Korea) / Mitsubishi (Japan)
Marubeni (Japan)
PowerChina (China)
Sumitomo (Japan)


Please enter your comment!
Please enter your name here

Most Popular

SNOC begins gas production at Mahani field in Sharjah

Sharjah National Oil Corporation (SNOC) and its partner Italian oil major Eni have pulished the start-up of Mahani-1 gas well, marking the...

India’s Sterling and Wilson wins Acwa’s Egypt solar project

Saudi-based Acwa Power said it has reached an agreement with Sterling and Wilson Solar, a unit of leading Indian construction group Shapoorji...

Al Dahra signs strategic water security agreement with Israel’s Watergen

Abu Dhabi-based Al Dahra Holding Company has signed a strategic partnership agreement with Israeli company, Watergen to create a renewable source of...

ADNOC multi-billion dollar subsea transmission project

The Four groups have submitted binding commercial offers for the planned high-voltage sub-sea transmission project to connect Abu Dhabi National Oil Company’s...