Three firms are understood to have been shortlisted for the transaction advisory contract for the two planned waste-to-energy (WTE) plants in Abu Dhabi and Al-Ain in the UAE.
The firms are:
- Sumitomo Mitsui Banking Corporation (SMBC, Japan)
- Synergy Consulting (US/India)
- Tribe Infrastructure Group (local/Australia)
Abu Dhabi Power Corporation (AD Power) received bids for the contract on 27 May.
MEED understands the client plans separate mandates for the project’s legal and technical advisory contracts.
The planned Abu Dhabi plant will have a processing capacity of up to 900,000t of waste a year and generate up to 90MW of electricity, equivalent to powering an average of 22,500 UAE households.
It will be located in the Industrial City of Abu Dhabi (Icad) in the Mussafah region.
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The second plant, to be located in Al-Ain, has a planned processing capacity of up to 600,000 tonnes of waste annually and up to 60MW of electricity generation.
The plants will be developed according to the public-private partnership (PPP) model.
It is understood Emirates Water & Electricity Company (Ewec) will be the offtaker of the electricity generated by the two plants.
Abu Dhabi Waste Management Centre (Tadweer) will implement the project, which is expected to reduce carbon dioxide emissions by approximately 2.5 million tonnes annually.
The projects are in line with the UAE’s Vision 2021, which aims to divert 75% of waste away from landfills.
This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here.