Fujairah 2 IWPP
Desalination Deal of the Year
What is it?
A 591,000m3/d (155.8 MGD) and 2000 MW power and water plant with 453,0003/d of the water coming from 12 MED units and 136,000m3/d coming from an SWRO plant.
Who is responsible?
The development consortium comprises Marubeni with International Power. EPC contractors are Alstom (power) and Veolia (water). Calyon, Citibank, Sumitomo Mitsui Banking Corporation and JBIC led the financing. ADWEA is the client.
Why is it shortlisted?
- The $2.7 billion project is the largest hybrid IWPP financing to date, and the first one to involve MED and RO.
- It is the first time a single company has supplied both thermal and membrane technology for a power and water project.
- No other IWPP of this scale has reached financial close on such a short timescale (less than nine months from bid submission).