The Taweelah B Independent Water and Power Project ("Project") is a brownfield development Project located at the existing Taweelah Complex, which is 80 km east north east of Abu Dhabi city and is positioned within close proximity of the key demand centres in Abu Dhabi . The Project is the fifth and the largest IWPP developed in Abu Dhabi under the Government of Abu Dhabi's highly successful programme for the privatisation of the water and power sector
The Project comprises principally:
- The acquisition, ownership, operation and maintenance of the existing Taweelah B power and desalination plant together with certain associated assets (together, the "Existing B Plant");
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The development, financing, procurement, construction, ownership, operation and maintenance of a new power and desalination plant (the "New B Extension");
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The integration of the New B Extension with the Existing B Plant to create a new combined plant (the "New B Plant"); and
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The development, construction and financing of a new 400 kV grid station, a new town water pumping station, the acquisition of certain share capital of the Taweelah shared facilities company and the operation and maintenance of the existing and certain new shared facilities for the whole of the Taweelah Complex.
The size of the existing acquired plant and new plant to be constructed is as follows:
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The Existing B Plant consists of the Taweelah B power and desalination plant (the "Initial B Plant") and the Taweelah B power and desalination plant extension (the "Initial B Extension"), with a total net power and water capacity of 1064.43 MW net and 92.28 MIGD, respectively; and
- The New B Extension is expected to add approximately 1,000 MW and 65 MIGD of net power and net water capacity, respectively.
Once completed, the combined plant shall provide net power capacity of 2,000 MW and net water capacity of 160 MIGD. Early period commercial operations of new capacity of the New B Extension shall commence from 1st May 2008 and the Project Commercial Operation Date ("PCOD") is scheduled for 22nd July 2008. The entire electrical and desalination capacity and output of the Existing B Plant and the New B Extension will be sold on a long term basis to the Abu Dhabi Water and Electricity Company (ADWEC) - the "Procurer", which is a 100% subsidiary of ADWEA, under the PWPA.