Saudi Arabia’s ACWA Power is lowest bidder for Umm Al Quwain IWP
A consortium led by Saudi Arabia headquartered ACWA Power has submitted the lowest bid on the Umm Al Quwain Independent Water Project (IWP) in UAE
A consortium led by Saudi Arabia headquartered ACWA Power has submitted the lowest bid on the Umm Al Quwain Independent Water Project (IWP) in UAE.
ACWA is in consortium with Tecton. The IWP under procurement by the northern Emirates’ Federal Electricity and Water Authority (FEWA).
Abdul Latif Jameel offered the second-lowest bid, reported IJGlobal.
The two bids for the 45 million gallons per day desalination plant were:
Acwa Power with Tecton (EPC by Sidem) – $0.9158 per thousand imperial gallons
Abdul Latif Jameel with Almar (EPC by Besix) – $1.0275 per thousand imperial gallons
Bids were submitted on 13 February (2018). A third bid was received from Acciona but did not include a bid bond, prompting FEWA to disqualify it, according to one source, reported IJGlobal.
FEWA will offtake all water produced from the plant under a long-term water supply agreement. Investors had previously been put off by IWP’s risk profile, which suffered from lack of a government guarantee on the WPA.
The plant will be located in the north of the Umm Al Quwain Emirate, adjacent to the border with Ras Al Khaimah. The site is approximately 20km north of Umm Al Quwain city and in the vicinity of the coastline of the Arabian Gulf.
An RFP for the Umm al Quwain IWP was issued in November 2016 to 14 bidders.