GDF SUEZ lands on $1.5 billion Mirfa power project in Abu Dhabi

Environment and Sanitation

Abu Dhabi Water and Electricity Authority (ADWEA) has contract awarded GDF SUEZ a 25-year Power and Water Purchase Agreement (PWPA) to manage the Mirfa Independent Water and Power (IWPP) project in Abu Dhabi.

Abu Dhabi Water and Electricity Authority (ADWEA) will hold 80 per cent equity stake in the project and the rest will be held by GDF SUEZ.

The Mirfa project, situated 120 kilometers from Abu Dhabi, is the Emirate’s tenth facility to be constructed under the Public-Private Partnership model. The capital cost of $1.5 billion is estimated for the project built and will cover the attainment of some of the existing water and power facilities, the design, engineering and construction of new power and water facilities, as well as the processing of the plant. When completed, the fully integrated functioning with the existing and new facilities, Mirfa IWPP will have an overall power capacity of 1,600MW and a seawater purification capacity of 238,665 cubic meters per day.Read complete story at http://www.tendersontime.com/blog-detail/gdf-suez-lands-15-billion-mirfa-power-project-abu-dhabi-108.php